Question: If money earns 3.7% compounded semi-annually, what two equal payments, one in 1 year and the other in 2 years, would be equivalent to: a.

If money earns 3.7% compounded semi-annually, what two equal payments, one

If money earns 3.7% compounded semi-annually, what two equal payments, one in 1 year and the other in 2 years, would be equivalent to: a. $12,000 today? Round to the nearest cent b. $4,600 due 1 year ago, but not paid, and $7,800 due 3 years ago, but not paid? Round to the nearest cent

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!

Q:

please answer it as soon as possible If money earns 7.6% compounded semi-annually, what two equal payments, one in 1 year and the other in 2 years, would be equivalent to: a. $6,500 today? Round to...

Q:

If money earns 6.8% compounded semi-annually, what two equal payments, one in 1 year and the other in 3 years, would be equivalent to: a. $7,500 today? Round to the nearest cent b. $4,000 due 1 year...

Q:

If money earns 6.8% compounded semi-annually, what two equal payments, one in 1 year and the other in 3 years, would be equivalent to: a. $7,500 today? Round to the nearest cent b. $4,000 due 1 year...

Q:

If money earns 3.4% compounded monthly, what two equal payments, one in 1 year and the other in 3 years, would be equivalent to: a. $6,000 today? Round to the nearest cent b. $5,700 due 1 year ago,...

Q:

If money earns 4% compounded semi-annually, what two equal payments, one in one year and the other in three years, would be equivalent to: a. $8000 today? b. $5650 due one year ago, but not paid, and...

Q:

If money earns 6.26% compounded daily, what two equal payments, one today and the other in one year, would be equivalent to: a. $550 today and $680 in 180 days? b. Two equal payments of $5000: one...

Q:

I need help with these business mathematics questions. I have provided each page number and what questions need answered on each screenshot. Please write the page number and what question the answer...

Q:

I need help with these business mathematics questions. I have provided each page number and what questions need answered on each screenshot. Please write the page number and what question the answer...

Q:

I need help with these business mathematics questions. I have provided each page number and what questions need answered on each screenshot. Please write the page number and what question the answer...

Q:

OA-4 Close Date Fri Aug 21, 2020 11:59 PM Question 3 of 8 A payment of $1,100 is due in 2 years, and 54,300 is due in 5 years. What single payment made today would be equivalent to these original...

Q:

Consider a normal distribution with mean 0. Use your graphing calculator or geometry software to explore how the standard deviation, , affects the equation of the normal curve, Summarize how the...

Q:

Complete these nuclear reactions: (a) Li + ?Be + in 35 32 (b) a+ ?- s+He (c) Be + He3 He + ? (d) Br + {H? +2 n 79 35

Q:

A bank offers a home buyer a 2 5 2 5 - year loan at 9 9 % per year. If the home buyer borrows $ 1 5 0 comma 0 0 0 $ 1 5 0 , 0 0 0 from the bank, how much must be repaid every year? Question content...

Q:

Add "Viggo Mortenslet cast = new Map ( ) ;en " to the cast as the key, with value "Aragorn".