calculating Payment in Year 2,
X/(1.08)2 = 600/(1.08)3 + 800/(1.08)4
X = $1,241.43
A Debt of $600 aue in three years and $800 due in four years is to...
A debt of $6000 due four years from now and $6000 due nine years from now is to be repaid by a payment of $2100 in one year, a payment of $4200 in three years, and a final payment at the end of five years. If the interest rate is 2.1% compounded annually, how much is the final payment? The final payment should be $1 (Do not round until the final answer. Then round to the nearest cent as needed.)
a debt of $4,000 due five years from now and $4,000 due ten years from now is to be repaid by a payment of $2,000 in two years, a payment of $3,000 in four years, and a final payment at the end of six years. If the interest rate is 3% compounded annually, how much is the final payment?
a debt of $2000 due in one year is to be repaid by a payment due two years from now and a final payment of $1000 three years from now. If the interest is at the rate of 4% compounded annually, then the payment due in two years is the answer is $1118.46 but I need help on working it out
71 Payments of $1,750 and $1,600 are due four months from now and nine months from now, respectively. What single payment is required to pay off the two scheduled payments today if interest is 9% p.a. and the focal date is today? 8) Scheduled payments of $800 due two months ago and $1,200 due in one month are to be repaid by a payment of $1.000 today and the balance in three months. What is the amount of the final...
Scheduled payments of $336 due three years ago and $1063 due in four years are to be replaced by two equal payments. The first replacement payment is due in two years and the second payment is due in nine years. Determine the size of the tw replacement payments if interest is 5.7% compounded semi-annually and the focal date is two years from now. The size of the two replacement payments is $ (Round the final answer to the nearest cent...
ment stream consists of three payments:$1000 due today, $1500 due 70, days from A pay today, and $2000 due 210 days from today what single payment, G0 days from today, is economi ically equivalent to the payment stream if money can be invested at a rate of З 5%? Payments of $1300 due five months ago and $1800 due three months from Now are to be replaced by a single payment at a focal date one month from Now. what...
5. (Please if you are not willing to answer the question completely, leave the question to someone who will!) a. How long will it take for $ 500 to amount to $ 700, if you invest in the 8% compound quarterly? b. A debt of $ 600 that must be paid within three years and another of $ 800 payable in four years, will be settled by means of a payment within two years. If the interest rate is 8%...
You were expecting debt payments of $600 due 5 months ago and $400 in 3 months from now. What single payment would you accept today for full repayment with interest allowed at 10%. if the focal point is today?
Debt payments of $1,810.00 due today, $945 due in 113 days and $590.00 due in 325 days respectively are to be combined into a single payment to be made 160 days from now. Using an interest rate of 9.5% and the focal date of 160 days from now, determine the single payment.
Scheduled payments of $477, $1137, and $449 are due in one-and-a-half years, four years, and five-and-a-half years respectively. What is the equivalent single replacement payment two-and-a-half years from now if interest is 9% compounded semi-annually? The equivalent single replacement payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)