Bailey has a textbook loan that was supposed to be paid in two payments of $1200...
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Bailey has a textbook loan that was supposed to be paid in two
payments of $1200...
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...
15. A loan payment of $4200 was due 80 days ago, and another payment of $1800...
15. A loan payment of $4200 was due 80 days ago, and another payment of $1800 is due in 40 days from now. What single payment 70 days from now will pay off the two obligations if interest is to be 8% and the agreed focal date is 70 days from now? 16. When Danny borrowed $2400, he agreed to repay the loan in two equal payments, to be made 90 days and 130 days from the day the money...
A loan payment of $1700.00 was due 20 days ago and another payment of $900.00 is...
A loan payment of $1700.00 was due 20 days ago and another payment of $900.00 is due 70 days from now. What single payment 130 days from now will pay off the two obligations if interest is to be 9% and the agreed focal date is 130 days from now? The value of the payment is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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.
answer as soon as possible due U Udy obligations if interest is to be 8% anu...
answer as soon as possible
due U Udy obligations if interest is to be 8% anu u lice Liample 7.58 er payment of $1800 is will pay off the two 4. A loan payment of $2200 was due 91 days ago, and another payment of due 45 days from now. What single payment 75 days from now will pay off obligations if interest is to be 9% and the agreed focal date is 75 days from no ants of $500...
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)
ASSIGNMENT 2 QUESTIONS b) to $2000.00? 9. Sarah deposited $4500 into a savings account on July...
ASSIGNMENT 2 QUESTIONS b) to $2000.00? 9. Sarah deposited $4500 into a savings account on July 17, 2018 that earned simple interest of 2.25%. How much interest was earned and paid into her account on December 1, 2018? 10. Find the size of the deposit that must be made to earn $65 in 150 days at 2.50%. 11. What rate of interest makes deposit of $2000 earn $22 in 91 days? 12. If 45 is earned at 2.5% on a...
Un July 1, a man borrowed $2000 at 6% simple interest. He paid $500 on August...
Un July 1, a man borrowed $2000 at 6% simple interest. He paid $500 on August 30 and $600 on September 29. Find the balance on October 29 of the same year. A man owes $100, due in two months, and $400, due in eight months. His creditors have agreed to settle his debts by two equal payments in four months and ten months, respectively. Find the size of each payment if the rate of interest is 6% and the...
1.Next summer you are planning a trip to Ibiza that will set you back roughly $4100....
1.Next summer you are planning a trip to Ibiza that will set you back roughly $4100. You have decided to put money aside starting November 30th 2012, with additional, equal payments on February 28th 2013 and May 31st 2013. You wish to have the total sum of the required money for July 31st 2013. Assuming that only the three equal payments are made, how large should the payments be if you earn a simple interest rate of 5%? 2. 5...
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...
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...
15. A loan payment of $4200 was due 80 days ago, and another payment of $1800 is due in 40 days from now. What single payment 70 days from now will pay off the two obligations if interest is to be 8% and the agreed focal date is 70 days from now? 16. When Danny borrowed $2400, he agreed to repay the loan in two equal payments, to be made 90 days and 130 days from the day the money...
answer as soon as possible
due U Udy obligations if interest is to be 8% anu u lice Liample 7.58 er payment of $1800 is will pay off the two 4. A loan payment of $2200 was due 91 days ago, and another payment of due 45 days from now. What single payment 75 days from now will pay off obligations if interest is to be 9% and the agreed focal date is 75 days from no ants of $500...
ASSIGNMENT 2 QUESTIONS b) to $2000.00? 9. Sarah deposited $4500 into a savings account on July 17, 2018 that earned simple interest of 2.25%. How much interest was earned and paid into her account on December 1, 2018? 10. Find the size of the deposit that must be made to earn $65 in 150 days at 2.50%. 11. What rate of interest makes deposit of $2000 earn $22 in 91 days? 12. If 45 is earned at 2.5% on a...
Un July 1, a man borrowed $2000 at 6% simple interest. He paid $500 on August 30 and $600 on September 29. Find the balance on October 29 of the same year. A man owes $100, due in two months, and $400, due in eight months. His creditors have agreed to settle his debts by two equal payments in four months and ten months, respectively. Find the size of each payment if the rate of interest is 6% and the...
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...
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