Debts of $2800.00 due three months from now, $3500 due 15 months ...

[azncindy619]

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

[rachel]

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[azncindy619]

Thanks

[rachel]

Welcome