CompuSystems was supposed to pay a manufacturer $19000
CompuSystems was supposed to pay a manufacturer $19000 on a date 4 months ago. CompuSystems is proposing to pay $10000 today and the balance in 5 months , when it will
receive payment on a major slaw to the government. Assuming that the manufacturer requires 18% per year compounded monthly on overdue accounts. What should the second
payment be?
