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Find equivalent replacement payments for the following scheduled payment. original scheduled payment: $1000 due 8 months ago replacement payment: in full focal date: today rate:
Find equivalent replacement payments for the following scheduled payment.
original scheduled payment: $1000 due 8 months ago
replacement payment: in full
focal date: today
rate: 8.3% %
Krista borrowed $18,646. The loan is to be repaid by three equal payments due in 84, 176, and 277 days from now respectively. Determine the size of the equal payments at an interest rate of 10% with a focal date of today. 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.)
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