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10. Find the equivalent replacement payments for the following scheduled payment. Original Replacement Payment Focal date Scheduled Payment $1700 due 32 days ago Three equal
10. Find the equivalent replacement payments for the following scheduled payment. Original Replacement Payment Focal date Scheduled Payment $1700 due 32 days ago Three equal payments due today, in Today 32 days, and in 68 days Rate 7% The size of the equal payments is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) 11. Use the future value formula to compute the maturity value of the following promissory note. Ignore any grace period. A 9-month, $1707.00 note dated January 15, 1998, earns interest at 5.6%. The maturity value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) 12. Automotive Excellence Inc. borrowed $19,000.00 on April 16 with an interest rate of 7.4% per annum. On May 30, $5500.00 was repaid, and on August 15, $5000.00 was repaid, Automotive Excellence paid the balance of the loan on October 27. What was the final payment? The final payment was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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