a contract requires payments of $1700 in 50 and 100 day with simple intrest at 6%. what is the value ofcontract today if the payment are discounted to yield 7.5% ?

We'll use the present value formula: Present Value (PV) = Future Value (FV) / (1 + Interest Rate *…

Answered: a contract requires payments of $1700…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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a contract requires payments of $1700 in 50 and 100 day with simple intrest at 6%. what is the value of contract today if the payment are discounted to yield 7.5 % ?