OA-4 Close Date Fri Aug 21, 2020 11:59 PM Question 3 of 8 A payment of $1,100 is due in 2 years, and 54,300 is due in 5 years. What single payment made today would be equivalent to these original payments? Assume that money earns 5.75% compounded semi-annually. 56,041.16 Round to the nearest cent SAVE PROGRESS SUOMITA DELL FA FO F10 F11 F12 PrtScr Insert Delete Calc. 06 11 * C Backspace & 7 Num Lock 8 9 0 A payment of $2,200 is due in 2 years and $3,100 is due in 4 years. These two original payments are to be rescheduled with a payment of $2,050 in 1 year and the balance in 3 years. Calculate the payment required in 3 years for the rescheduled option. Assume that money earns 5.5% compounded monthly. $0.00 Round to the nearest cent A payment of $12,055 is due in 2 year, $17,000 is due in 4 years, and $8,400 is due in 6 years. What single equivalent payment made today would replace the three original payments? Assume that money earns 4.50% compounded monthly. $0.00 Round to the nearest cent Question 6 of 8 A payment of $26,000 is due today. What three equal payments, one in 3 years, one in 5 years, and one in 7 years, would replace the original payment? Assume that money earns 4.25% compounded quarterly. $0.00 Round to the nearest cent / OTO Two payments of $8,000 and $6,800 are due in 1 year and 2 years, respectively. Calculate the two equal payments that would replace these payments, made in 3 months and in 4 years if money is worth 6% compounded quarterly. $0.00 Round to the nearest cent 1 A scheduled payment of $7,500 due in one year is to be replaced with two payments: the first due in 6 months and the second due in 16 months. Calculate the size of the two payments if the second payment is to be twice as large as the first payment, and money can earn 6% compounded monthly. First payment: $0.00 Second payment: $0.00 1