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Question 1 11 Points Debt payments of $57 000 due today, $44 000 due in 18 months and $35 000 due in 9 years are
Question 1 11 Points Debt payments of $57 000 due today, $44 000 due in 18 months and $35 000 due in 9 years are to be combined into a single payment due in 3 years. What is the size of the single payment if interest is 10.5% p.a. compounded semi-annually? Round your answer to two decimal places. Add your answer Simple Interest Formulas Compound Interest Formulas FV = P(1+0)" Annuity Formulas I= PRT [((1+1)* FVR. = PMT - +95 - 1) S=P+1 m S= P(1 + RT) n=#pmts x #years n2 = (#years) (m) P= S 1 + RT PV. [(1 - (1 + i)--)) PMT t [4- 1 P= (1+0) I= FVA - PMT(#PMTS)(#years) In P n = In (1 + i) I = PMT(#PMTS)(#years) - PV -CY- - 1 f = (1 + i)-1 I= FV P
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