Aaliyah Calderon must pay a $36000 obligation 5 years from now. What end-of-Months payments for the entire time, until the obligation is due, would put the creditor in an equivalent financial position if the creditor can earn 4% compounded Weekly? Payment Amounts Aaliyah wanted to only make payments for 1 year and then let the interest accrue. What end-of-Months payments for 12 Months would put the creditor in an equivalent financial position if the creditor can earn 8% compounded Weekly? Value After 1 Year Needed(USE A TIMELINE) S Payments Needed To Achieve That Amount$
Aaliyah Calderon must pay a $36000 obligation 5 years from now. What end-of-Months payments for the entire time, until the obligation is due, would put the creditor in an equivalent financial position if the creditor can earn 4% compounded Weekly? Payment Amounts Aaliyah wanted to only make payments for 1 year and then let the interest accrue. What end-of-Months payments for 12 Months would put the creditor in an equivalent financial position if the creditor can earn 8% compounded Weekly? Value After 1 Year Needed(USE A TIMELINE) S Payments Needed To Achieve That Amount$
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter7: Using Consumer Loans
Section: Chapter Questions
Problem 4FPE: Calculating single-payment loan amount due at maturity. Stanley Price plans to borrow 8,000 for five...
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Aaliyah Calderon must pay a $36000 obligation 5 years from now. What end-of-Months payments for the entire time, until the obligation is due, would put the creditor in an equivalent financial position if the creditor can earn 4% compounded Weekly? Payment Amounts Aaliyah wanted to only make payments for 1 year and then let the interest accrue. What end-of-Months payments for 12 Months would put the creditor in an equivalent financial position if the creditor can earn 8% compounded Weekly? Value After 1 Year Needed(USE A TIMELINE) S Payments Needed To Achieve That Amount$
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