A loan payment of $1450 was due 45 days ago and another payment of $1200 is due 60 days from now. What single payment 30 days from now will pay off the two obligations if interest is to be 7% and the agreed focal date is 30 days from now?

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What is the present value of $3780 due in nine months if simple interest rate is 5%? The present value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) What is the present value of $3780 due in nine months if simple interest rate is 5%? The present value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Answer rating: 100% (QA)

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