Solution-Full settlement of the entire debt

Full settlement of the entire debt

Reference no: EM131220799

An agreement required that Joseph pay you $1700 seven months ago, and an additional $1200 today.

Joseph missed the $1700 payment. What single payment today would you accept as full settlement of the entire debt if money can earn 3.45%?

Reference no: EM131220799

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Full settlement of the entire debt

Reference no: EM131220799

Reference no: EM131220799

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