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A debt of $2000 due in one year is to be repaid by a payment due two years from now and a final payment of
A debt of $2000 due in one year is to be repaid by a payment due two years from now and a final payment of $1000 three years from now. If the interest is at the rate of 4% compounded annually, then the payment due in two years is A) $1155.43. B) $1203.14. C) $1118.46. D) $1191.00. E) $1000.00. 9) A $10,000 loan is amortized by equal semiannual payments over 5 years. If the interest rate is 8% compounded semiannually, then the principal repaid in the first payment is A) $853.64. B) $762.47. C) $806.21. D) $832.91. E) $795.38
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