Answered

Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Get accurate and detailed answers to your questions from a dedicated community of experts on our Q&A platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Payments of $4,300, due 70 days ago, and $4,800, due in 60 days, are to be replaced by payments of $4,700 due today and the balance due in 40 days. What must the second payment be if the payee is to end up in an equivalent financial position? Money now earns 9.10%. Use 40 days from now as the focal date. (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.)
Second payment $ __________

Sagot :

We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.