A friend has missed two bill payments. The first was for ${A} seven months ago...
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Accounting
| A friend has missed two bill payments. The first was for ${A} seven months ago and the second was for ${B} last month. The lender is willing to accept ${C} one month from now and a second payment in full six months from now. If the agreed upon interest rate is {D}% compounded monthly, what is the amount of the second payment? | {A} | {B} | {C} | {D} | monthly | i = |
| $4,410 | $5,098 | $3,000 | 7.35% | |||
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| looking for an easy and excel | ||||||
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