Find the equivalent replacement payments indicated for each of the following scheduled payments. Original scheduled payments = $1,606 due 37 days ago. Replacement payments = Three equal payments due today, in 32 days, and in 54 days. Focal Date = Today. Interest rate = 10% (Do not include the $ sign in your answer.)

Find the equivalent replacement payments indicated for each of the following scheduled payments. Original scheduled payments = $1,606 due 37 days ago. Replacement payments = Three equal payments due today, in 32 days, and in 54 days. Focal Date = Today. Interest rate = 10% (Do not include the $ sign in your answer.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Problem 1. A loan of $10,000 at a fixed annual effective interest is being repaid by level annual payments. The outstanding balance immediately after the 9th pay- ment is $6,665.29 and the outstanding balance immediately after the 18th payment is $1492.11. Determine the outstanding balance immediately after the 19th payment.
A 7% p.a. demand loan was paid off with payments of $3,000 on April 10th, $2,000 on September 25th and a final payment of $5,447.13 on December 5th. If it uses the standard declining balance method, what was the original amount of the loan back on March 8?
PART 1 DEFERRED ANNUITY PROBLEM a. Find the quarterly payment for 21 quarters to discharge an obligation of 24,500 if money is worth 4% compounded quarterly and the first payment is due at the end of 2 years and 9 months. b. Find the semi-annual payment at the end of every six months, the first payment is due at the end of 7 years and the last at the end of 12 years for a loan of 500,500 if money is worth 3% compounded semi-annually.
6 With a 0.15 compounded semi annually, approximately how much money must be invested today in order to withdraw \$16,141 per 6 months at the end of each 6 months for 13 payments?
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4. Quarterly payments of P9,567.32 for 4 years that will start 1 year from now. a) Period of Deferral b) Number of payments
Q)Scheduled payments of $274 due three years ago and $683 due in six years are to be replaced by two equal payments. The first replacement payment is due in two year and the second payment is due in eight years. Determine the size of the two replacement payments if interest is 1.8% compounded annually and the focal date is two year from now. The size of the two replacement payments is
Q11 To borrow $1,900, you are offered an add-on interest loan at 6 percent. Three loan payments are to be made, one at four months, another at eight months, and the last one at the end of the year. Compute the three equal payments. (Round your answer to 2 decimal places.) THREE EQUAL PAYMENTS?
Subject: Business/Economics/Annuities Problem: A man owes ₱100,000.00 with interest at 6% payable semi-annually. What equal payments at the beginning of each 6 months for 8 years will discharge his debt? (Ans: ₱772.92). Please provide solution to the given answer.
8. Two debt payments, the first for $800 due today and the second for $600 due in nine months with interest at 10.5\% compounded monthly, are to be settled by a payment of $800 six months from now and a final payment in 24 months. Determine the size of the final payment if money is now worth 9.5% compounded quarterly.

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