Loan payments of $1200 due one year ago and $2230 due in four years are to...
Loan payments of $1200 due one year ago and $2230 due in four years are to be replaced by two payments. The first replacement payment is due now and the second payment of $2500 is due in six years. Determine the size of the replacement payment if interest is 2.9% compounded monthly and the focal date is now.
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Loan payments of $1200 due one year ago and $2230 due in four
years are to...
o Scheduled payments of $1469 due one year ago and $926 due in four years are...
o Scheduled payments of $1469 due one year ago and $926 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 eight years. Determine the size of the two replacement payments if interest is 5.6% compounded quarterly and the focal date is two years from now. The size of the two replacement payments is $ (Round the final answer to the nearest...
Scheduled payments of $336 due three years ago and $1063 due in four years are to...
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...
Two debts, the first of $1200 due nine months ago and the second of $1000 borrowed...
Two debts, the first of $1200 due nine months ago and the second of $1000 borrowed one year ago for a term of four years at 9.4% compounded annually, are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 8.5% compounded quarterly and the focal date is one year from now The size of the replacement payment is $0 (Round to the nearest cent as needed. Round all...
Two debts, the first of $1900 due three months ago and the second of $1300 borrowed...
Two debts, the first of $1900 due three months ago and the second of $1300 borrowed two years ago for a term of four years at 8.6% compounded annually, are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 7.5% compounded quarterly and the focal date is one year from now. The size of the replacement payment is $ (Round to the nearest cent as needed. Round all...
Scheduled payments of $1400 due today and $1600 due with interest at 11.5% compounded annually in...
Scheduled payments of $1400 due today and $1600 due with interest at 11.5% compounded annually in five years are to be replaced by two equal payments. The first replacement payment is due in 18 months and the second payment is due in 4 years. Determine the size of the two replacement payments if interest is 11% compounded quarterly and the focal date is 18 months from now.
Loan payments of $6000 due 100 days ago and $5000 due 45 days ago are to...
Loan payments of $6000 due 100 days ago and $5000 due 45 days ago are to be replaced by a payment of $5000 today and the balance 50 days from today. If the interest rate is 5% and the agreed focal date is 50 days from today, calculate the size of the final payment (Please draw a time line before doing the question)
Loan payments of S700 due three months ago and of S1000 due today are to be...
Loan payments of S700 due three months ago and of S1000 due today are to be paid by a payment of $800 in two months and a final payment in five months. 19% interest is allowed, and the focal date is five months from now, what is the amount of the final payment? The amount of each payment is $ (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)...
ment stream consists of three payments:$1000 due today, $1500 due 70, days from A pay today,...
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...
A loan payment of $1200 was due 50 days ago and another payment of $800 is...
A loan payment of $1200 was due 50 days ago and another payment of $800 is due 60 days from now. Question: What single payment 100 days from now will pay off the two loan obligations if interest is to be 7% and the "Focal Date" is 100 days from now. (Draw a time line before doing the question)..Please show your work...
Bailey has a textbook loan that was supposed to be paid in two payments of $1200...
Bailey has a textbook loan that was supposed to be paid in two payments of $1200 due 64 days ago and $1080 due in 22 days from now. What single payment would Bailey need to make 90 days from now to pay off the debts, if interest is to be 13.21% and the agreed upon focal date is 90 days from now?
o Scheduled payments of $1469 due one year ago and $926 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 eight years. Determine the size of the two replacement payments if interest is 5.6% compounded quarterly and the focal date is two years from now. The size of the two replacement payments is $ (Round the final answer to the nearest...
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...
Two debts, the first of $1200 due nine months ago and the second of $1000 borrowed one year ago for a term of four years at 9.4% compounded annually, are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 8.5% compounded quarterly and the focal date is one year from now The size of the replacement payment is $0 (Round to the nearest cent as needed. Round all...
Two debts, the first of $1900 due three months ago and the second of $1300 borrowed two years ago for a term of four years at 8.6% compounded annually, are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 7.5% compounded quarterly and the focal date is one year from now. The size of the replacement payment is $ (Round to the nearest cent as needed. Round all...
Loan payments of S700 due three months ago and of S1000 due today are to be paid by a payment of $800 in two months and a final payment in five months. 19% interest is allowed, and the focal date is five months from now, what is the amount of the final payment? The amount of each payment is $ (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)...
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...
A loan payment of $1200 was due 50 days ago and another payment of $800 is due 60 days from now. Question: What single payment 100 days from now will pay off the two loan obligations if interest is to be 7% and the "Focal Date" is 100 days from now. (Draw a time line before doing the question)..Please show your work...
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