9. A loan of $10000.00 taken out 6 months ago is to be repaid by 3 equal installments due now, 1 years from now, and 1.5 years from now respectively. What is the size of the equal installments if interest on the debt is 6% p.a. compounded monthly? I

9. A loan of $10000.00 taken out 6 months ago is to be repaid by 3 equal installments due now, 1 years from now, and 1.5 years from now respectively. What is the size of the equal installments if interest on the debt is 6% p.a. compounded monthly? I

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

9. A loan of $10000.00 taken out 6 months ago is to be repaid by 3
equal installments due now, 1 years from now, and 1.5 years from now
respectively. What is the size of the equal installments if interest on the
debt is 6% p.a. compounded monthly?
I

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