Question
Part 2_ Single Payment & Equated Payments 8. Sam owes Danny $500 due 3 months ago, $500 due today, and $1200 due in 10 months
Part 2_ Single Payment & Equated Payments 8. Sam owes Danny $500 due 3 months ago, $500 due today, and $1200 due in 10 months from today. 9. After negotiating with Danny, Sam agrees to make a single payment in 8 months from today. Calculate the size of the single payment made in 8 months from today, if the money is worth 6% p.a. 10. Julie is supposed to repay Tony $5000 today. Unfortunately, she cannot do it. Tony agrees to take same size of payments: one in 120 days, one in 150 days and the third one in 240 days. Calculate the size of the equated payment, if the interest rate is 7.2% p.a.
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