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Author Question: Saeed has taken a loan such that debts of $4000.00, $4500.00 and $5000.00 are due in one year, ... (Read 150 times)

melina_rosy

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on: Jun 6, 2019

Question 1

Arjun has taken a loan and debt can be repaid by payments of $425.00 today, $377.00 in two years and $560.00 in five years. What single payment would settle the debt three years from now if money is worth 6.25% p.a. compounded quarterly?
◦ $1407.70
◦ $1362.00
◦ $1387.92
◦ $1546.98
◦ $1341.13

Question 2

Saeed has taken a loan such that debts of $4000.00, $4500.00 and $5000.00 are due in one year, eighteen months and two years from now respectively. He won a lottery and would like to make a single payment now that would settle the debts if interest is 5.99% p.a. compounded quarterly.
◦ $13 880.82
◦ $12 324.59
◦ $13 500.00
◦ $13 079.58
◦ $14 796.16
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by melina_rosy on Jun 6, 2019

yotaSR5

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Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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melina_rosy

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Reply 2 on: Jun 6, 2019
Thanks for the timely response, appreciate it

bbburns21

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Reply 3 on: Yesterday
Wow, this really help

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