Question: math finance 1) Solve, step by step a) A person acquires a debt for $ 100,000,000 in the popular bank, and agrees to cancel 60

math finance

1) Solve, step by step a) A person acquires a debt for $ 100,000,000 in the popular bank, and agrees to cancel 60 equal monthly installments in advance and a financing of 24% per year. Determine the value of the monthly installments? a b) A person wishes to have $ 50,000,000 within two (2) years. For the above, he intends to make equal bimonthly allowances in advance. Determine the value of these allowances if the bank pays an interest of 36% compounded quarterly

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