Question

1) A debt of RM3000 due 4 months ago and another RM5000 due in twenty months are to be settled by two equal payments, one at the end of four months and the other at the end of ten months. Find the size of the payments using

(a)The present as the focal date,

(b)the ten months as the focal date.

Assuming money is worth 9% per annum simple interest.

2) Bernard borrows RM8889 at 15% per annum simple interest. He agrees to settle the loan by paying X ringgit, 2X ringgit, and 3X ringgit in two months, five months, and nine months respectively. Find the value of X using the present as a focal date.

Answer #1

Question 10
A debt of RM6,500 due 5 months ago and another RM12,750 due in
13 months are to be settled by making two equal payments, one at
the end of four months, one at the end of seven months. Find the
size of payment using, the four month as the focal date. Assuming
money is worth 9% per annum simple interest.
Question 11
Find the value in 3 years’ time of RM16,200 invested at 5%
compounded annually. In the...

$4500 due three months ago but not paid and $2500 due in three
months are to be replaced by a payment of $3000 in one month from
now and two equal payments in two and four months from now. Find
the equal payments if the interest rate is 4% percent annum. Use
today as the focal date

Question 1. .Scheduled payments of $400 due now and $700 due in
five months are to be settled by a payment of $500 in three months
and a final payment in eight months. Determine the amount of the
final payment at 6% p.a., using eight months from now as the focal
date.
Question 2. Two amounts owing from the past were to be paid
today. One debt was $620 from one year ago and the other was $925
from six...

You are owed payments of $800 due today, $1,000 due in five
months and $1,200 due in one year. You have been approached to
accept a single payment seven months from now. What amount should
you accept in seven months in place of the three payments? Use an
interest rate of 9% per annum and 7 months from now as the focal
date.

two scheduled debt payments of $712 each are due two months and
nine months from now respectively. If interest at 6% is allowed,
what single payment today is required to settle the two scheduled
payments?

ANSWER THE FOLLOWING:
A)A sequence of quarterly payments o P6,267 each, with the first
payment due at the end of 2 years and the last payment at the end
of 13 years. Find the present worth of these payments if money is
worth 5% compounded quarterly.
B)A manufacture borrows P2,211,340 with interest at 6%
compounded monthly, and agrees to discharge the loan by a sequence
of equal monthly payments for 4 years with the first payment at the
beginning of...

A)A sequence of quarterly payments o P6,267 each, with the first
payment due at the end of 2 years and the last payment at the end
of 13 years. Find the present worth of these payments if money is
worth 5% compounded quarterly.
B)A manufacture borrows P2,211,340 with interest at 6%
compounded monthly, and agrees to discharge the loan by a sequence
of equal monthly payments for 4 years with the first payment at the
beginning of the 4th year. Find...

1.Suppose you will receive $14,000 in 10 months and another
$8,000 in 22 months. If the discount rate is 5% per annum
(compounding monthly) for the first 13 months, and 10% per annum
(compounding monthly) for the next 9 months, what single amount
received today would be equal to the two proposed payments? (answer
to the nearest whole dollar; don’t include the $ sign or
commas)
2. Jill wants to buy a car but needs to calculate how much she...

Calculate the present value on 28 March 2019 of $12,000 due on
15 October 2019 at a simple interest rate of 9% pa. Give your
answer in dollars and cents to the nearest cent. This days between
dates calculator may assist you.
P = $
Find the nominal annual rate of interest convertible daily
(j365) that is equivalent to 6% pa effective. Give your answer as a
percentage per annum to 3 decimal places.
j365 =
% pa
Calculate the...

General accounting questions I have:
1.
Min Co. buys a new machine and agrees to pay for the machine
with the following terms. There is no down payment and Min sends a
cheque in for $300,000 for each of the next six years. Money is
worth 6% per annum and is compounded semi-annually. Min would
capitalize this machine at:
The gross amount of the obligation ($1,800,000)
$300,000 (and each year the capitalization would be increased by
another $300,000)
The future...

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 17 minutes ago

asked 20 minutes ago

asked 59 minutes ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 2 hours ago

asked 2 hours ago

asked 2 hours ago

asked 2 hours ago