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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. math exams: Question FM 11/11/2011 2:30

Friday, November 11, 2011

Question FM 11/11/2011 2:30

In return for payments of $\$3000$ at the end of six years and $\$6000$ at the end of eight years, an investor pay $\$2000$ immediately and agree to make an additional payment at the end of four years. Find the amount of the additional payment if $i^{6}=0.06$.

Ans: 4848.31

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