Chapter 7 - Exercise Saved 17 4.44 points Anthony borrowed $7500 on September 15 and agreed to repay the loan by three equal payments on the following November 10. December 30, and February 28, Calculate the payment size of the Interest rate on the loan was 11 %. Use September 15 as the focal date. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Payment Sipped Book Print Berences Chapter 7 - Exercise Saved 16 4.41 points A loan of $10,000 is to be repaid by three payments of $2500 due in two, four, and six months, and a fourth payment due in eight months. What should be the size of the fourth payment if an interest rate of 11% is charged on the loan? Use today as the focal date. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Payment cBook Print References Chapter 7 - Exercise 15 A $3000 loan on March 1 was repaid by payments of $500 on March 31, $1000 on June 15, and a final payment on August 31 What was the third payment if the interest rate on the loan was 84% ? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Payment points Skipped co Print References Chapter 7 - Exercise Taved 14 4.41 Doints Three payments of $2000 each (originally due six months ago today, and six months from now) have been renegotiated to two payments: $3000 due one month from now and a secopd payment due in four months, What must the second payment be for the replacement payments to be equivalent to the originally scheduled payments? Assume that money can earn an interest rate of 4%. Choose a focal date four months from now. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Second payment Skipped BOR Pont References 13 4.41 points What is the economic value today of each of the following payment streams if money can earn 75%7 (Note that the two streams have the same total nominal value.) (Do not round intermediate calculations and round your final answers to 2 decimal places.) .. $1000, $3000, and $2000 due in one, three, and five months, respectively. Economic cost b. Two $3000 payments due two and four months from now. Economic cost $ Skipped BOOK Print References