9. Jamel has borrowed $8500 today and agreed to repay it in two equa payments to be made in 9 months and 12 months from today. Find the size of the equal payments if interest is to be charged at the rate of 2.4% p.a. 10. A $7800 investment has received 2.4% p.a. interest over 40 months, and then the interest changed to 4.5% p.a. for another 40 months. Find the accumulated value of this investment assuming no ontribution or withdrawal is made in that 80 months period.

9. Jamel has borrowed $8500 today and agreed to repay it in two equa payments to be made in 9 months and 12 months from today. Find the size of the equal payments if interest is to be charged at the rate of 2.4% p.a. 10. A $7800 investment has received 2.4% p.a. interest over 40 months, and then the interest changed to 4.5% p.a. for another 40 months. Find the accumulated value of this investment assuming no ontribution or withdrawal is made in that 80 months period.

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 21PROB

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