A payment of $31,000 is due today. What three equal payments, one in 2 years, one in 4 years, and one in 7 years, would replace the original payment? Assume that money earns 5.25% compounded quarterly. Round to the nearest cent

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Q: If $89,000 is invested in an annuity that earns 5.5%, compounded quarterly, what payments will it…

A: Given that:  $89,000 is invested in an annuity that earns 5.5%, compounded quarterly. So, PV=$…

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A: given: Pv=150,000 n=10 r=6.3% compounded quaterly

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Q: If $89,000 is invested in an annuity that earns 5.9%, compounded quarterly, what payments will it…

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A: Given The periodic payment (R) $200 per month. Periodic interest rate (r) is 8% per year. Periods…

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A: givenAmount (A)=$90,000number of years(n)=5 yearsrate (R)=3%size of the owner's quartely paayment…

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Q: As a result of a court settlement, an accident victim is awarded $1.2 million. The attorney takes…

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Q: Suppose $200,000 is used to establish an annuity that earns 4%, compounded quarterly, and pays $6500…

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Q: what is the unpaid balance immediately after the sixth payment?

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A: Consider the provided question, A $15,000 loan is to be amortized for 10 years with quarterly…