This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A financial obligation requires payments of $2000.00 today, $2500.00 in three years, and $3000.00 in ... (Read 334 times)

krzymel

  • Hero Member
  • *****
  • Posts: 548
on: Jun 6, 2019

Question 1

Janice owes two debt payments—a payment of $6700 due in twelve months and a payment of $8750 due in twenty-one months. If Janice makes a payment of $7000 now, when should she make a second payment of $7900 if money is worth 11.5% compounded semi-annually?

Question 2

A financial obligation requires payments of $2000.00 today, $2500.00 in three years, and $3000.00 in five years. When can the obligation be discharged by a single payment equal to the sum of the required payments if interest is 6%p.a. compounded monthly?
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by krzymel on Jun 6, 2019

tashiedavis420

  • Sr. Member
  • ****
  • Posts: 329
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.
Answer Preview
Only 25% of students answer this correctly


krzymel

  • Hero Member
  • *****
  • Posts: 548
Reply #2 on: Jun 6, 2019
Excellent


tashiedavis420

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jun 6, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Happened to me today. Happened to me today.
Discipline-specific training can take years to perfect. Discipline-specific training can take years to perfect.
The cranium of early African H. erectus KNM-ER 3733 is nearly 1.8 million years old. The cranium of early African H. erectus KNM-ER 3733 is nearly 1.8 million years old.
How to calculate monthly payments at varying amortization periods (Question 2) How to calculate monthly payments at varying amortization periods (Question 2)
Climate change occurs over millions of years Climate change occurs over millions of years
I NEED IT FOR TODAY PLEASE 14 QUESTIONS I NEED IT FOR TODAY PLEASE 14 QUESTIONS
Video: Proteins Defined, Hierarchy & Composition of Cells

For a complete list of videos, visit our video library