Question: What single payment in 2 years would replace a payment of $8,500.00,3 years ago and a payment of $13,500.00,6 years ago? Assume both payments were

What single payment in 2 years would replace a payment of

What single payment in 2 years would replace a payment of $8,500.00,3 years ago and a payment of $13,500.00,6 years ago? Assume both payments were not paid and that their interest rate is 3.20% compounded quarterly. Answer: 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!

What single payment in 3 years would replace a payment of $7,150.00, 3 years ago and a payment of $10,500.00, 5 years ago? Assume both payments were not paid and that their interest rate is 3.75%...

What single payment in 3 years would replace a payment of $4,300.00, 3 years ago and a payment of $19,250.00, 4 years ago? Assume both payments were not paid and that their interest rate is 4.35%...

What single payment in two years would replace a payment of $18,650 due one year ago and a payment of $21,400 due two years and two months ago? Assume that both payments were not paid and that the...

What single payment in 3 years would replace a payment of $8,350.00,3 years ago and a payment of $19,250.00,6 years ago? Assume both payments were not paid and that their interest rate is 8.80%...

What single payment in 3 years would replace a payment of $7,150.00,2 years ago and a payment of $11,000.00,5 years ago? Assume both payments were not paid and that their interest rate is 3.60%...

What single payment in 1 year would replace a payment of $6,550.00, 3 years ago and a payment of $20,000.00, 5 years ago? Assume both payments were not paid and that their interest rate is 8.22%...

1. [6 point] Sackville Plastics started in 2002 by an immigrant engineer. He quickly exhausted his savings and bank credit, so turned to a lender of last resort who was prepared to loan him $30,000...

PowerPoint Assignment for BUS 401: Principles of Finance You have been asked by a manager in your organization to put together a training program explaining Net Present Value (NPV) and Future Value...

Note: This problem is for the 2019 tax year. Roberta Santos, age 41, is single and lives at 120 Sanborne Avenue, Springfield, IL 60781. Her Social Security number is 123-45-6780. Roberta has been...

Hello, I have a case study need be answeredregarding pdf files questions, 1.Research the capacity of municipalities in Bosnia and Herzegovina for issuing a bonds? 2.What are pros and cons of bond...

In the following two-good, multicountry example of labor requirements, do all the countries stand to gain from trade if the international terms of trade are 1 lb fish: 0.5 bu potatoes? If so, what...

If shares are issued for less than par value, the account is credited. a. Share Premium-Ordinary b. Share Premium-Ordinary is debited if a debit balance exists in the account. c. Share...

16.36 A consumer panel tests nine brands of television for overall quality. The ranks assigned by the panel and the suggested retail prices are as follows: Panel Suggested Manufacturer Rating Price A...

AbnerCorporation's bonds mature in22 years and pay11 percent interest annually. If you purchase the bonds for$1,200, what is your yield tomaturity? Your yield to maturity on the Abner bonds...

=+what you have learned in the case, do you agree that Islamic financial products are Sharia-compliant, or are banks just finding ways to make people feel comfortable when investing their money with...

=+to deal with an NGO causing it problems if the company does not feel the NGO represents one of its significant stakeholder groups?

=+ Are they provocative, or do you not understand what all the fuss is about?