Question: You are expected to settle a loan by making payments of $ 1 2 0 0 in 1 8 0 days, $ 1 5 6

You are expected to settle a loan by making payments of $1200 in 180 days, $1560 in 365 days, and $3200 in 545 days. What single payment in 365 days would be equivalent to these scheduled payments if money is worth 6%
You are expected to settle a loan by making payments of

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:

TASK : In the role of an instant messaging administrator, provide the deployment plan for MS teams in a higher education institution. The deployment plan should include step - by - step...

Q:

You are expected to settle a loan by making payments of $1200 in 180 days, $1560 in 365 days, and $3200 in 545 days. What single payment in 365 days would be equivalent to these scheduled payments if...

Q:

You are expected to settle a loan by making payments of $1200 in 180 days, $1560 in 365 days, and $3200 in 545 days. What single payment in 365 days would be equivalent to these scheduled payments if...

Q:

A demand loan of $11,000 on December 5, 2018 at 6% p.a. simple interest was settled by a payment of $300 on May 27, 2019 and the outstanding balance on July 23, 2019. Using the declining balance...

Q:

Sue had an agreement to settle a loan by making payments of $1000 in 6 months, and $2000 in 2 years. What single payment in 18 months would be equivalent to these payments if money is worth 7%...

Q:

Nasus had an agreement to settle a loan by making payments of $ 5 , 0 0 0 in 1 8 months, and $ 2 , 2 0 0 in 7 years. What single payment in 3 0 months would be equivalent to these scheduled payments...

Q:

Sue had an agreement to settle a loan by making payments of $1,000 in 6 months, and $2,000 in 2 years. What single payment in 18 months would be equivalent to these scheduled payments if money is...

Q:

Sue had an agreement to settle a loan by making payments of $1500 in 6 months, and $2500 in 2 years. what single payment in 18 months would be equivalent to these scheduled payments if the money is...

Q:

Nasus had an agreement to settle a loan by making payments of $5,000 in 18 months , and $2,200 in 7 years . What single payment in 30 months would be equivalent to these scheduled payments if money...

Q:

Question 7 (5 points) Saved Listen Nasus had an agreement to settle a loan by making payments of $5,000 in 18 months, and $2,200 in 7 years. What single payment in 30 months would be 7 equivalent to...

Q:

a machine is purchased by making payments of 1 6 0 0 0 at the beginning of each of the next five years the interst rate was 1 0 % the cost of the machine is closest to ? 6 6 7 1 8 , 8 2 7 1 8 , 6 0 6...

Q:

An airline company uses a central telephone bank and a semi-automated telephone process to take reservations. It has been receiving an unusually high number of customer complaints about its...

Q:

Determine the resistance of 1200 m of copper cable having a diameter of 12 mm if the resistivity of copper is 1.7 x 10-82m.

Q:

Evaluate the definite integral. 0 2 7 c o s ( x ) s i n ( s i n ( x ) ) d x Need Holn?

Q:

Describe the ways courts handle contracts for which a required license is missing.

Q:

There are some very sensible reasons for leasing assets, and some that make you think more deeply. The following site argues mostly in favour of leasing. One of its arguments is that since lease...

Q:

Show that the {a ij } in (2.11) determine (a) all ) ( I 2 ) ( J 2 ) odds ratios formed from pairs of rows and pairs of columns, b) all { ij } in (2.10), and vice versa.

Q:

In the network in Figure 8PFE-1 find the impedance seen by the source. 00mF 4 4H 24 cos 2tt0 k 0.5 Figure 8PFE-1

Q:

For problem, determine: a. The amount of markup. b. The amount of operating (overhead) expenses. c. The operating profit or loss. d. The rate of markup on cost. e. The rate of markup on selling...

Q:

A licensee owes non - client individuals a ( n ) to act honestly and in good faith with upfront disclosures of known conditions which adversely affect a property's value. a ) fiduciary duty b )...

Q:

Describe the approach you would take with employees who you feel are repeatedly coming close to termination because of tardiness or absences but correcting just enough to avoid discharge?

Q:

Why do experts strongly recommend that performance problems be considered separately from conduct or behavior problems?

Q:

Why do senior executives require that no significant disciplinary action be implemented without the involvement of the HR department?