Home /
Expert Answers /
Finance /
a-debt-of-3000-due-in-six-years-and-5000-due-in-eight-years-is-to-be-repaid-by-a-single-payment-tw-pa769
(Solved): A debt of $3000 due in six years and $5000 due in eight years is to be repaid by a single payment tw ...
A debt of $3000 due in six years and $5000 due in eight years is to be repaid by a single payment two years from now. If the interest rate is 6% compounded semi-annually, how much is the payment? (2 marks)