Scheduled payments of $696, $1415, and $1358 are due in 1.5 years, 4 years, and 6 years respectively. What is the equivalent single replacement payment 2 years from now if interest is 3.3 % compounded annually?
Single payment after 2 years is equal to value of all payments on that date
Present value = future value/(1+interest rate)^number of periods
696*(1+3.3%*6/12) + 1415/(1.033)^2 + 1358/(1.033)^4
=$707.484 + 1326.04 + 1192.61
=$3226.134
Scheduled payments of $696, $1415, and $1358 are due in 1.5 years, 4 years, and 6...
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 $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 $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.)
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 $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.
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...
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
scheduled payments of $547, $596 and $262 are due in one and a half years, four years and five and a half years respectively. what is the single replacement payment 2 and a half years from nowif interest is 5.1% compounded monthly?
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...