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

Author Question: Debts of $2800.00 due three months from now, $3500 due 15 months and $4600.00 due twenty-one months ... (Read 211 times)

azncindy619

  • Hero Member
  • *****
  • Posts: 562
on: Jun 6, 2019

Question 1

Ade has to settle a debt, for which scheduled debt payments of $3800.00 was due seven months ago, $4700.00 was due two months ago, and $8800.00 due in five months. Debt has to be settled by two equal payments now and three months from now respectively. Determine the size of the equal replacement payments at 4.9% p.a. compounded monthly.
◦ $8688.25
◦ $8650.00
◦ $8635.47
◦ $17 323.72
◦ $17 270.93

Question 2

Debts of $2800.00 due three months from now, $3500 due 15 months and $4600.00 due twenty-one months from now are to be settled by two equal payments due in three months and nine months from now respectively. Determine the size of the equal replacement payments if interest is 5.5% p.a. compounded quarterly.
◦ $10 900.00
◦ $5246.71
◦ $5176.03
◦ $5450.00
◦ $10 352.05
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 azncindy619 on Jun 6, 2019

rachel

  • Sr. Member
  • ****
  • Posts: 323
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 45% of students answer this correctly


azncindy619

  • Hero Member
  • *****
  • Posts: 562
Reply #2 on: Jun 6, 2019
Thanks


rachel

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Jun 6, 2019
Welcome :)


« previous next »
 

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Diagram of the Twenty Essential Amino Acids Diagram of the Twenty Essential Amino Acids
Phoneme Perception in the First 12 Months Phoneme Perception in the First 12 Months
Comparison Pre-pregnancy and 9 months pregnancy Comparison Pre-pregnancy and 9 months pregnancy
Hector makes payments of $2000.00 into an RRSP at the beginning of every six months starting ... Hector makes payments of $2000.00 into an RRSP at the beginning of every six months starting ...
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Video: Heart Chambers

For a complete list of videos, visit our video library