For Problems 1 to 12, calculate the equivalent value of the payments on the rescheduled date....

 

Transcribed Image Text:

For Problems 1 to 12, calculate the equivalent value of the payments on the rescheduled date. Use the re-scheduled payment date as the focal date. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Original Scheduled Payments $6500 due 1 year ago $4000 due 3 years ago $12,000 due on Jun. 04, 2021 $9000 due on Dec. 25, 2021 $2750 due in 45 days $7500 due in 30 days $8000 due in 1 year 9 months $5725 due in 1 year 3 months $6750 due on Apr. 21, 2021 $3750 due on Mar. 20, 2021 $3250 due in 270 days $5725 due in 150 days Re-scheduled Payment Date 9 months from now 18 months from now Jan. 04, 2020 Apr. 03, 2020 180 days from today 90 days from now 3 months from now 5 months from now Nov. 10, 2021 Jul. 17, 2021 30 days from today 45 days from today Interest rate 4.25% p.a. 3.75% p.a. 4.75% p.a. 4.50% p.a. 4.15% p.a. 5.25% p.a. 4.75% p.a. 5.10% p.a. 4.90% p.a. 3.75% p.a. 4.75% p.a. 3.80% p.a. For Problems 1 to 12, calculate the equivalent value of the payments on the rescheduled date. Use the re-scheduled payment date as the focal date. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Original Scheduled Payments $6500 due 1 year ago $4000 due 3 years ago $12,000 due on Jun. 04, 2021 $9000 due on Dec. 25, 2021 $2750 due in 45 days $7500 due in 30 days $8000 due in 1 year 9 months $5725 due in 1 year 3 months $6750 due on Apr. 21, 2021 $3750 due on Mar. 20, 2021 $3250 due in 270 days $5725 due in 150 days Re-scheduled Payment Date 9 months from now 18 months from now Jan. 04, 2020 Apr. 03, 2020 180 days from today 90 days from now 3 months from now 5 months from now Nov. 10, 2021 Jul. 17, 2021 30 days from today 45 days from today Interest rate 4.25% p.a. 3.75% p.a. 4.75% p.a. 4.50% p.a. 4.15% p.a. 5.25% p.a. 4.75% p.a. 5.10% p.a. 4.90% p.a. 3.75% p.a. 4.75% p.a. 3.80% p.a.

Answer rating: 100% (QA)

1 6500 due 1 year ago rescheduled 9 months from now at 425 pa PV 6500 Interest rate r 425 or 00425 as a decimal Time n 9 months or 075 years 912 FV PV ... View the full answer