Answer to Question #287443 in Financial Math for Sikret

Question

Payment of 7,000.00 every month for one (1) year that will start at the end of the third month. What is the period of deferral?

Answer 1

Solution;

Given;

$t=\frac{3}{12}$

$n=12$

$k=nt-1$

$k=(\frac{3}{12}×3)-1=2$