Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a debt of $7734.34 is repaid by payments of $1352.

A debt of $7734.34 is repaid by payments of $1352.47 in 5 months, $944.45 in...

80.2K

Verified Solution

Question

Accounting

A debt of $7734.34 is repaid by payments of $1352.47 in 5 months, $944.45 in 15 months, and final payment in 23 months. If interest was 7% compounded quarterly, what was the amount of the final payment?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

hat instant getting d e 1 nother stable lly only X is of X and...

Physics
Q

A metropolitan transportation authority has set a bus mechanical reliability goal of 3,800 bus miles. Bus...

Statistics
Q

Studies of oxygen transport in pregnant mammals show that the O saturation curves of fetal...

Biology
Q

Find R and 8 given the components R 4 788 and R 8 008 R...

Basic Math
Q

Select one Linear Quadratic Exponential Review Question 1 Which equation represents the line with a...

Basic Math
Q

Jim Goodman an employee at Walgreens earned 38 400 an increase of 16 5 over...

Basic Math
Q

P x x3 3x2 11x 33 Step 1 of 2 Use the Rational Zero Theorem...

Algebra
Q

You decide to invest in an annuity with an insurance company. You pay $1000 per...

Accounting
Q

As financial accountant for Pinegrove Co, you are responsible for the preparation of a statement...

Accounting
Q

Carlsville Company began operations in the current year and had no prior stock investments. The...

Accounting
Q

Required information Problem 12-3A (Algo) Allocating partnership income LO P2 [The following...

Accounting
Q

We are auditing the sales and collection cycle of a nonprofit hospital. Just because it...

Accounting