Question

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.

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Scheduled payments of 1288$ due two years ago and 708$ due in six years are to...
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.
Three payments are scheduled as follows: $1100 is due today, $900 is due in five months...
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.
Question 1. .Scheduled payments of $400 due now and $700 due in five months are to...
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...
Scheduled debt payments of $1500.00 due seven months ago, $1200.00 due two months ago, and $1800.00...
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...
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 ​$919​, ​$1394​, and ​$333 are due in one year​, four-and-a-half ​years, and five-and-a-half...
Scheduled payments of ​$919​, ​$1394​, and ​$333 are due in one year​, four-and-a-half ​years, and five-and-a-half years respectively. What is the equivalent single replacement payment three years from now if interest is 9.9% compounded annually ? The equivalent single replacement payment is ​$? ​(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as​ needed.)
A debt can be paid by payments of $2,000 scheduled today, $2,000 scheduled in 2 ½...
A debt can be paid by payments of $2,000 scheduled today, $2,000 scheduled in 2 ½ years, and $2,000 scheduled in six years. What single payment would settle the debt five years from now if money is worth 9.2% compounded semi-annually? (Be sure to include a “timeline” display)
You are owed payments of $800 due today, $1,000 due in five months and $1,200 due...
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...
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?
$4500 due three months ago but not paid and $2500 due in three months are to...
$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
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT