Short Answer
What payment on August 19 is equivalent to a $1,000 payment on the preceding January 19, if the rate of interest is 4.5%?
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q45: Determine the amount of (simple) interest that
Q46: How many days would it take for
Q47: An $18,000 payment due in 300 days
Q48: Compare the economic values of two options
Q49: Albert loaned $850,000 to Batman on March
Q51: Payments of $900 and $1000 are due
Q52: Today is March 25<sup>th</sup>. Snow tires that
Q53: A $3000 loan at 5% was made
Q54: An investment earned $156.25 interest in 30
Q55: Determine a) whether the earlier or later