A debt payment of $5500 is due in 27 months. If money is worth 8.4% p.a. compounded quarterly, what is the equvilant payment?
(a) now?
(c) 27 months from now?
Any help would be great thanks.
The equivalent payment now should be=$4,780.12
In 27 months it should be worth =$6,328.29
+598 
