Question
Three payments are scheduled as follows: $1,750 is due today, $1,450 is due in five months, and $2,600 is due in eight months. The three
Three payments are scheduled as follows: $1,750 is due today, $1,450 is due in five months, and $2,600 is due in eight months. The three payments are to be replaced by a single equivalent payment due ten months from now. What should the payment be if money is worth 6.0%? Use ten months from now as the focal date. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Payment $
A loan of $3,400 at 5 3/5% simple interest was made on March 23. On what date was it repaid if the interest cost was $125.19? (Use 365 days a year. Do not round intermediate calculations. Round your answer to the nearest day.) (Click to select) October July September November
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