Author Question: Saeed has taken a loan such that debts of $4000.00, $4500.00 and $5000.00 are due in one year, ... (Read 74 times)

melina_rosy · **on:** Jun 6, 2019

Question 1

Arjun has taken a loan and debt can be repaid by payments of $425.00 today, $377.00 in two years and $560.00 in five years. What single payment would settle the debt three years from now if money is worth 6.25% p.a. compounded quarterly?
◦ $1407.70
◦ $1362.00
◦ $1387.92
◦ $1546.98
◦ $1341.13

Question 2

Saeed has taken a loan such that debts of $4000.00, $4500.00 and $5000.00 are due in one year, eighteen months and two years from now respectively. He won a lottery and would like to make a single payment now that would settle the debts if interest is 5.99% p.a. compounded quarterly.
◦ $13 880.82
◦ $12 324.59
◦ $13 500.00
◦ $13 079.58
◦ $14 796.16

yotaSR5 · **Reply #1 on:** Jun 6, 2019

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