(adsbygoogle = window.adsbygoogle || []).push({}); 1. The problem statement, all variables and given/known data

What single payment made immediately will settle the following obligations if money is worth 18 % compounded semi-annually

a.) 5000 due in 3 years

b.) 6000 due in 3 and 1/2 years with 10% simple interest rate

c.) 7000 due in 5 and 1/4 years with interest at 16% compounded semi-annually[

2. Comments on the problem:

Is there anyway I can find the comparison date which is not stated in the problem if it only says that single payment will be made immediately? What should I do with this?

"Please, Help me answer!!!"

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# Homework Help: Business math Homework

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