Question
1- Determine the proceeds of $19 000 three years and three months before the due date if interest is 7.6% compounded semi-annually. 2- A debt
1- Determine the proceeds of $19 000 three years and three months before the due date if interest is 7.6% compounded semi-annually.
2- A debt can be repaid by payments of $1000.00 today, and $3000.00 in two years. What single payment would settle the debt three years from now if money is worth 16% p.a. compounded semi-annually?
3- Debts of $400.00, $450.00 and $500.00 are due in one year, eighteen months and thirty months from now respectively. Determine the single payment now that would settle the debts if interest is 8% p.a. compounded quarterly.
4 - Debts of $850 due in six months, $700 due in sixteen months, and $1100 due in three years are to be settled by a single payment one year from now. What is the size of that single payment if interest is 7.5% compounded monthly?
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