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Find the equivalent replacement payments for the following scheduled payment. Original Replacement Focal date Rate Scheduled Payment Payment $1000 due eight months ago In full
Find the equivalent replacement payments for the following scheduled payment. Original Replacement Focal date Rate Scheduled Payment Payment $1000 due eight months ago In full Today 4.6% The equivalent replacement payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The annual Exercise Club membership fees of $2500 are due on June 12, 2018. Club management offers a reduction of membership fees of 19.8% p.a. to members who pay the dues by October 15, 2017. How much must a member pay on October 15, 2017, if she chooses to take advantage of the club management's offer? She must pay $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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