Question

If money earns 6.36% compounded quarterly, what single payment in three years would be equivalent to a payment of $3,230 due two years ago, but not paid, and $800 today? Round to the nearest cent Next Question

Answer 1

1.
=3230*(1+6.36%/4)^(4*5)+800*(1+6.36%/4)^(4*3)=5394.86573012354

2.
=(17000/(1+10.5%/4)^(4*1)+2600/(1+10.5%/4)^(4*2))/(1/(1+10.5%/4)+1/(1+10.5%/4)^(4*4))=10666.1133819367

3.
=(1650/(1+4.85%/12)^12+2700/(1+4.85%/12)^(12*5)-950/(1+4.85%/12)^15)*(1+4.85%/12)^25=3094.24075678665