Question

Payment of $1,200 was due four months ago, and payment of $1,500 is due in eight months. What single payment due in three months will repay the debt, if the interest rate is 12% compounded monthly, and the focal date is in three months.

Answer #1

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.

$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 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 yearsâ€™ time of RM16,200 invested at 5%
compounded annually. In the...

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...

Three payments are scheduled as follows: $1100 is due today,
$900 is due in five months and $1500 is due in eight months. The
three payments are to be replaced by a single payment due 9 months
from now. If money can earn 5.9%, what should the payment be? Use 9
months from now as the focal date. Round to the nearest cent.

Scheduled debt payments of $1500.00 due seven months ago,
$1200.00 due two months ago, and $1800.00 due in five months are to
be settled by two equal payments now and three months from now
respectively. Determine the size of the equal replacement payments
at 9% p.a. compounded monthly.

2. Scheduled debt payments of $1500.00 due seven months ago,
$1200.00 due two months ago, and $1800.00 due in five months are to
be settled by two equal payments now and three months from now
respectively. Determine the size of the equal replacement payments
at 9% p.a. compounded monthly. (15 points)

Scheduled payments of 1288$ due
two years ago and 708$ due in six years are to be replace by two
equal payments. The first replacement payment is due in one year
and the second payment is due in nine years. Determine the size of
the two replacement payments if interest is 7.5% compounded monthly
and the focal date is one year from now.

Tabitha had to pay her friend $1,200, 5 months ago and
he has to pay $450 in 2 months. If her friend was charging her an
interest rate of 0.70% per month, what single payment would settle
both payments today?

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