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Author Question: Debt payments of $500.00, $1000.00, $1500.00 are due on March 1, May 1, and December 1 of the same ... (Read 87 times)

bcretired

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on: Jun 6, 2019

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.
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by bcretired on Jun 6, 2019

pratush dev

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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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bcretired

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Reply #2 on: Jun 6, 2019
Excellent


pratush dev

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Reply #3 on: Jun 6, 2019
Great! Please up vote :D


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