On 2001/4/1, Peter borrowed $7000, agreeing to pay interest at 4.2%/year compounded monthly. He paid $1400 on 2005/6/1, and $1750 on 2009/10/1. What equal payments on 2011/1/01, and 2013/8/01 will be needed to settle the debt? Remark: Dates are given in the format YYYY/MM/DD. Answer: A consumer buys goods worth $190. She pays $19 down and will pay $95 at the end of 1 year. If the store charges interest at a rate of 2.5%/year compounded monthly on the unpaid balance, what final payment will be necessary at the end of 48 months? (Enter the value only; do NOT add a $ sign.) Answer: $8000 is due at the end of 6 years and $7000 at the end of 10 years. If money is worth 4.9%/year compounded weekly, determine an equivalent single amount at the end of 8 years. Answer: On 2001/4/1, Peter borrowed $7000, agreeing to pay interest at 4.2%/year compounded monthly. He paid $1400 on 2005/6/1, and $1750 on 2009/10/1. What equal payments on 2011/1/01, and 2013/8/01 will be needed to settle the debt? Remark: Dates are given in the format YYYY/MM/DD. Answer: A consumer buys goods worth $190. She pays $19 down and will pay $95 at the end of 1 year. If the store charges interest at a rate of 2.5%/year compounded monthly on the unpaid balance, what final payment will be necessary at the end of 48 months? (Enter the value only; do NOT add a $ sign.) Answer: $8000 is due at the end of 6 years and $7000 at the end of 10 years. If money is worth 4.9%/year compounded weekly, determine an equivalent single amount at the end of 8 years