Author Question: Find the equated date at which two payments of $1600.00 due six months ago and $1850.00 due today ... (Read 123 times)

arivle123 · **on:** Jun 6, 2019

Question 1

A financial obligation requires the payment of $1500.00 in nine months, $700.00 in twenty-one months, and $1700.00 in 33 months. When can the obligation be discharged by a single payment of $3900.00 if interest is 8.44% compounded quarterly?

Question 2

Find the equated date at which two payments of $1600.00 due six months ago and $1850.00 due today could be settled by a payment of $4300.00 if interest is 9.48% compounded monthly.

momolu · **Reply #1 on:** Jun 6, 2019

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