Debt payments of $500.00, $1000.00, $1500.00 are due on March 1, ...

[bcretired]

Question 1

Debt payments of $1000.00 due today, $500.00 due in 90 days, and $500.00 due in 120 days are to be combined into a single payment to be made 120 days from today. What is that single payment if money is worth 9.00% p.a. and the agreed focal date is 120 days from today?

Question 2

Debt payments of $500.00, $1000.00, $1500.00 are due on March 1, May 1, and December 1 of the same year. If interest is 8% calculate the single payment on August 1 of the same year that would replace the three payments.

[pratush dev]

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[bcretired]

Excellent

[pratush dev]

Great! Please up vote