Question: can someone help 1. A firm has two simple loans : a. $130,000, due in 4 years, 10% p.a. compounded semiannually; b. $250,000, due in

can someone help
can someone help 1. A firm has two simple loans : a.

1. A firm has two simple loans : a. $130,000, due in 4 years, 10% p.a. compounded semiannually; b. $250,000, due in 6 years, 12.5% p.a. compounded quarterly. Bank agrees on a replacement of those payments by one payment of $70,000 in 3 years and the final payment in 10 years from now. What is the amount of the final payment if the current rate is 12%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!