Question 1

A debt can be repaid by payments of $1000.00 today, and $3000.00 in two years. What single payment would settle the debt three years from now if money is worth 16% p.a. compounded semi-annually?

=$ =$

IY = n₂ =

CY =

i =

n₁ =

= $ up to 4 decimal places = $ up to 2 decimal places

Single payment E=+ = $ up to 2 decimal places

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Question 1 A debt can be repaid by payments of $1000.00 today, and $3000.00 in two years. What single payment would settle the debt three years from now if money is worth 16% p.a. compounded semi-annually?

\small PV_1 =$ \small PV_2 =$

IY = n2 =

CY =

i =

n1 =

\small FV=PV\left(1+i ight)^n

\small FV_1 = $ up to 4 decimal places \small FV_2 = $ up to 2 decimal places

Single payment E= \small FV_1 + \small FV_2 = $ up to 2 decimal places

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