A person borrows $16093 at 7.96% per annum simple interest. She is to repay the debt with 3 equal payments, the 1st at the end of 6 months, the 2nd at the end of 12 months and the 3rd at the end of 18 months. Determine the size of the payments using the focal date of 0 month.

A.

$ 5786.08

B.

$ 5797.16

C.

$ 5796.16

D.

$ 5795.16

A debt of $9038 is due at the end of 25 months. Using a simple interest rate of 5.61% per annum, determine an equivalent debt at the end of 8 months

A.

$9376.02

B.

$8712.17

C.

$8372.59

D.

$9756.30

A debt of $14922 is due at the end of 5 years. It is proposed that $X be paid now, with another $X paid in 10 years time to liquidate the debt. Calculate the value of X (amount in dollars) if the effective annual compounding interest rate is 3.89% for the first 6 years, and 7.91% for the next 4 years.

A.

$7771.46

B.

$7439.66

C.

$6951.32

D.

$7879.99

With j1=14.48%, what is an equivalent j12?

A.

13.60%

B.

13.98%

C.

14.98%

D.

15.48%