Jane was due to make loan payments of ​$1312 seven months​ ago ​$4351 five month​ ago, and $482 in six months.​ Instead, she is to make a single payment today. If money is worth 4.3% and the agreed focal date is​ today, what is the size of the replacement​ payment?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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Jane was due to make loan payments of
​$1312
seven
months​ ago
​$4351
five
month​ ago, and
$482
in
six
months.​ Instead, she is to make a single payment today. If money is worth
4.3%
and the agreed focal date is​ today, what is the size of the replacement​ payment?
 
 
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