You bought a new laptop. The store offers a payment schedule of $10,000 one year from now, and $20,000 3 years from now. You negotiated to pay $20,000 today, and the remainder 2 years from now. How much is the payment in 2 years if the money is worth 5% compounded semiannually?

What is the monthly equivalent rate to a rate of 6.5% convertible every 9 months?

Complete an amortization table with the following assumptions:

a. PV = $35,000

b. FV = $94,500

c. n = 6

d. i = 20%

e. pmt = ?

Answer rating: 100% (QA)

To calculate the payment in 2 years we need to first find the present value of the payment schedule ... View the full answer