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7. In how many months will $5000 grow to S6000 at 9.5% pa.? 8. Part 2 Single Payment & Equated Payments Sam owes Danny $500

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7. In how many months will $5000 grow to S6000 at 9.5% pa.? 8. Part 2 Single Payment & Equated Payments Sam owes Danny $500 duc 3 months ago, $500 due today, and $1200 due in 10 months from today. 9. After negotiating with Danny, Sam agrees to make a single payment in 8 months from today, Calculate the size of the single payment made in 8 months from today, if the money is worth 6% pa 10. Julie is supposed to repay Tony S5000 today. Unfortunately, she cannot do it. Tony agrees to take same size of payments onc in 120 days, one in 150 days and the third one in 240 days. Calculate the size of the equated payment, if the interest rate is 72% pa. Part 3 Promissary Notes & T-Bills

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