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Find the equivalent replacement payments for the following scheduled payments. Original Scheduled Payment Replacement Payment Focal date Rate At an interest rate of 8%, $2100
Find the equivalent replacement payments for the following scheduled payments. Original Scheduled Payment Replacement Payment Focal date Rate At an interest rate of 8%, $2100 is due in 6 months. Three equal payments due in 6, 12, and 15 months One year from today 14% At an interest rate of 9%, $1500 is due in 2 years. The size of the equal payments is $1484.88 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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