Solution-Make either payment as scheduled

Make either payment as scheduled

Reference no: EM131171751

Shamrock Inc. was supposed to have received a payment of $30,000, 4 years ago, and $8,500, 2 years ago, from a customer who could not make either payment as scheduled. If the customer would like to settle both payments today, what amount would he have to pay Shamrock Inc. if interest of 4.80% compounded monthly is charged?

Reference no: EM131171751

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Make either payment as scheduled

Reference no: EM131171751

Reference no: EM131171751

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