Question: Is my solution and answer correct? If not, why? What two (2) equal payments at the end of 15 months and 3 years, respectively, will

 Is my solution and answer correct? If not, why? What two

Is my solution and answer correct? If not, why?

What two (2) equal payments at the end of 15 months and 3 years, respectively, will replace the following obligations at 12% compounded quarterly. 01: $5,000 due at the end of 1 year without interest from today, 02: $8,500 due at the end of 1.5 years at 10% interest (m=2)from today, 03: $16,700 due in 3 years at 7% effective rate from today. Obligation 3 P: 16900 t - 3 w=0.07 m-1 FP(1) M'>F= P( 1+ N) Ita F = 16700( 1+ 0.07) 20458.2181 mt t Obligation15000 Obligation 2 : P=8500 t= 1/2 j - 0.10 m=2 FP) -10 1.57 =$500 (1 : 0) (236151 - 9539.8125 ) mt M t - time diagram 16100 S000 8500 CD HT H X 15 months 1.25 years - t *( 1* p ) (25)(4) * x(36423cy) 1.972365656* = 5000(1+34 746.387 +5.500 (14 41(-5) ) 14)-1.75) + 167000 it 4. = 26 740.69 342 1.9723688C =135510595

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