Loan payments of $2,100 due in one year and $4.320 due in two years are to be replaced by two payments. The first replacement payment of SX is due in three years and the second replacement payment of $3.700 is due in four years. Determine the size of the first replacement payment SX if interest is 32% pa. compounded quarterly and the focal date is three years from now (Year 3). Answer the following questions, and choose the closest answer from the possible choices following each question Choose 

Choose of the focal date is two years from today, which TVM variable does the payment $2,100 represent? If the focal date is two years from today, which TVM variable does the payment $3.700 represent?

 If you need to use the formula approach to find the focal date value manually. what value of n should you apply to the second loan payment of $4,3207 What periodic interest rate do you use if you need to solve this question manually using the formula approach? 

How many local date equivalent values do you need to determine before solving for $X? Choose Choose.. Choose . 

Your answer for SX at the focal date is Choose ...........

Answer rating: 100% (QA)

1 If the focal date is two years from today then 2100 due in one year represe... View the full answer