a person has the following debts to pay 5 000 00 in 2 months 6 000 00 in 3 months 7 000 00 in 4 months how much should thi
Question
A person has the following debts to pay: $5,000.00 in 2 months; $6,000.00
in 3 months; $7,000.00 in 4 months. How much should this person invest today at the rate of
compound interest of 2% per month to meet these commitments?
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Answer to a math question A person has the following debts to pay: $5,000.00 in 2 months; $6,000.00
in 3 months; $7,000.00 in 4 months. How much should this person invest today at the rate of
compound interest of 2% per month to meet these commitments?