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Two debts, the first of $1900 due three months ago and the second of $1300 borrowed...
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...
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...
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.
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 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)...
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...
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.)
Three years ago Jake borrowed R7 500 from Martha. The condition was that he would pay...
Three years ago Jake borrowed R7 500 from Martha. The condition was that he would pay her back in seven years’ time at an interest rate of 11,21% per year, compounded semi-annually. Six months ago he also borrowed R25 000 from Martha at 9,45% per year, compounded monthly. Jake would like to pay off his debt four years from now. (a). The amount of money that Jake will have to pay Martha four years from now is (b). After seeing...
2. Six months ago John borrowed $1300 and agreed to pay $550 and $750 three and...
2. Six months ago John borrowed $1300 and agreed to pay $550 and $750 three and eight months from the date of the agreement. With each payment John agreed to pay simple interest at the rate of 6.5% pa John wasn't able to make any payments, and wants to settle his debt in a single payment 2 months from now. What payment should it be if money can earn 3.5%?
Debts of $1,080.00 due four months ago and $1185.00 due in one month are to be...
Debts of $1,080.00 due four months ago and $1185.00 due in one month are to be settled by two equal payments due now and eight months from now respectively. Find the size of the equal payments using 12% interest and today is the focal date.
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...
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...
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)...
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.)
2. Six months ago John borrowed $1300 and agreed to pay $550 and $750 three and eight months from the date of the agreement. With each payment John agreed to pay simple interest at the rate of 6.5% pa John wasn't able to make any payments, and wants to settle his debt in a single payment 2 months from now. What payment should it be if money can earn 3.5%?
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