The First Two of the Following Three Payments Were Not

question 252

Short Answer

The first two of the following three payments were not made as scheduled. $1,200 was due seven months ago, $900 was due two months ago, and $1,500 is due in one month. The three payments are to be replaced by a single equivalent payment due three months from now. What should the payment be if money is worth 9.9%? Use three months from now as the focal date.

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Definitions:

Least Restrictive Environment

A principle in special education mandating that students with disabilities should be educated alongside their non-disabled peers to the maximum extent appropriate.

PL94-142 and IDEA

U.S. laws ensuring the right to a free and appropriate public education for all children with disabilities; PL94-142 is the Education for All Handicapped Children Act of 1975, which was renamed and reauthorized as the Individuals with Disabilities Education Act (IDEA).

Vocational Assessment

An evaluation process that identifies an individual's skills, abilities, and interests to match them with suitable careers or vocational paths.

Disenfranchised Groups

Communities or groups of individuals who are deprived of certain rights or privileges, often leading to exclusion from mainstream society.