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1. Payments of $900 scheduled to be paid today and $1,190 to be paid in eight months are to be replaced by a single equivalent payment today. What total payment made today would place the payee in the same financial position as the scheduled payments if money can earn 2 1/4%? (Do not round intermediate calculations and round your final answer to 2 decimal places.) 2. Jake purchased a $25,000 100-day T-bill discounted to yield 1.23%. When he sold it 45 days later, yields had dropped to 1.17%. How much did Jake earn? (Do not round intermediate calculations and round your final answer to 2 decimal places.) 3. A payment stream consists of three payments: $1,300 due today, $1,800 due 90 days from today, and $2,300 due 240 days from today. What single payment, 80 days from today, is economically equivalent to the payment stream if money can be invested at a rate of 3.8%? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.) |
g 1. Payments of $900 scheduled to be paid today and $1,190 to be paid in...
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...
Find the equivalent replacement payments for the following scheduled payment. 9. Original Scheduled Payment Replacement Payment Focal date Rate Three equal payments due today, in 37 days, and in 60 days $2200 due 37 days ago Today 10% The size of the equal payments is $ 141.29 . (Round the final answer to the nearest cent as needed. Round all intermediate values to six deci Find the equivalent replacement payments for the following scheduled payment. 9. Original Scheduled Payment Replacement...
6. A payment stream consists of three payments: $1000 today, $1500 in 70 days and $2000 in 210 days. What single payment, 60 days from now, is economically equivalent to the payment stream if money can be invested at a rate of 8.5%? /3 DE
6. A payment stream consists of three payments: $1000 today, $1500 in 70 days and $2000 in 210 days. What single payment, 60 days from now, is economically equivalent to the payment stream if money can be invested at a rate of 8.5%? 7. If the interest paid on a loan was $350 at an interest rate of 0.3% per month for 5 months, how much was the amount originally borrowed? 12
Scheduled payments of $1484, $817, and $1429 are due in one-and-a-half years, three-and-a-half years, and six years respectively. What is the equivalent single replacement payment two years from now if interest is 2.7% compounded monthly? Un 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.)
Scheduled payments of $966, 51322, and $1353 are due in one year, three-and-a-half years, and five-and-a-half years respectively. What is the equivalent single replacement payment three years from now if interest is 5.9% compounded quarterly? 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.)
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.)
Scheduled payments of $1049, $736, and $959 are due in one-and-a-half years, three-and-a-half 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 7.5% compounded quarterly? 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.)
Scheduled payments of $1362, $718, and $1145 are due in one-and-a-half years, three-and-a-half 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 5.8% compounded quarterly? 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.)
20 of 25 Test Score: 2% 05 of 25 pts X 9.5.4a Scheduled payments of 51412.52% and 51135 are due in one year, four and a half years, and styears respectively What is the equivalent single replacement payment tree years from now interest is 95% compounded semi-annually The equivalent she replacement paymolitan 2015 Round the final now to the nearest contas needed Round all intermediate values to she decimal places need