A company wishes to replace the following three debts:
$20,000 due on July 1, 2004
$30,000 du...
Mathematics, 21.03.2021 23:30 2023apd
A company wishes to replace the following three debts:
$20,000 due on July 1, 2004
$30,000 due on January 1, 2007 and
$35,000 due on July 1, 2010
with a single debt of Y payable on January 1, 2007. Compute the value of Y , if the interest
rate is 12% per year compounded semi-annually, prior to January 1, 2007 and 10% per year
compounded semi-annually, after to January 1, 2007.
Answers: 2
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