Please help with question 2,3, and 4

2. You owe $300 in 3 months and $500 in 8 months. The lender agrees to have you settle these debts with a single payment, assuming a simple interest of 8%. Determine the single payment: a) now b) in 6 months c) in one year. 3. Determine the equivalent payment for the given debt. No. Debts Equiv. Payments Focal Date $1,200 due in 80 days In full Today 2 $100 due in 6 months and In full Today $150 due in 1 year In the following few questions we use j for the nominal (yearly) interest rate that is com- pounded m times a year. pa 1 4. A man can buy a piece of land for $400000 cash, or by payments of $230000 down and $200000 in 5 years. If he can earn interest rate of 4% compounded semi-annually, which plan is better? 2. You owe $300 in 3 months and $500 in 8 months. The lender agrees to have you settle these debts with a single payment, assuming a simple interest of 8%. Determine the single payment: a) now b) in 6 months c) in one year. 3. Determine the equivalent payment for the given debt. No. Debts Equiv. Payments Focal Date $1,200 due in 80 days In full Today 2 $100 due in 6 months and In full Today $150 due in 1 year In the following few questions we use j for the nominal (yearly) interest rate that is com- pounded m times a year. pa 1 4. A man can buy a piece of land for $400000 cash, or by payments of $230000 down and $200000 in 5 years. If he can earn interest rate of 4% compounded semi-annually, which plan is better