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PLEASE SOLVE 6 TO 10 QUESTIONS Question 6: Determine the discounted value now of $7000.00 due in forty-four months at 6.5% compounded quarterly Question 7:
PLEASE SOLVE 6 TO 10 QUESTIONS
Question 6: Determine the discounted value now of $7000.00 due in forty-four months at 6.5% compounded quarterly Question 7: Two debt payments, the first in the amount of $3450.00 due today, and the second in the amount of $2700.00 due in 10 months with interest at 9.6% p.a. compounded quarterly, are to be settled by a payment of S4400.00 nine months from now and a final payment in 21 months. Determine the size of the final payment if the money is worth 13.12% p.a. compounded monthly Question 8: At what nominal rate of interest compounded semi-annually will $110500 earn $5500 interest in six years? Question 9: A principal of $7450.00 compounded monthly amounts to $6800.00 in 6.25 years. What is the nominal annual rate of interest? Question 10 At what nominal rate of interest compounded quarterly Will $10000 earn $4700.00 interest in five yearsStep by Step Solution
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