Tajh C.

asked • 09/15/13

what would the single payment be?

You are supposed to make three payments, $550 in 4 months, $780 in 11 months, and $300 in 20 months. If you want to discharge your debt in 15 months with a single payment and the interest rate is 9% compounded monthly, what would the single payment be?

1 Expert Answer


Andre W. answered • 09/15/13

5 (3)

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