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25. LO Debt payments of $2600 due one year ago and $2400 due two years from now are to be replaced by two equal payments
25. LO Debt payments of $2600 due one year ago and $2400 due two years from now are to be replaced by two equal payments due one year from now and four years from now. What is the size of the equal payments if money is worth 9.6% compounded semi-annually? 15. LO Patrick has $2000 to invest. Which of the following options should he choose? a. 4% compounded annually b. 3.75% compounded semi-annually c. 3.5% compounded quarterly d. 3.25% compounded monthly 16. LOO a. How many years will it take for $7500 to accumulate to $9517.39 at 3% compounded semi-annually? b. Over what period of time will money triple at 9% compounded quarterly? c. How many years will it take for a loan of $10 000 to amount to $13 684 at 10.5% compounded monthly? 25. LO Debt payments of $2600 due one year ago and $2400 due two years from now are to be replaced by two equal payments due one year from now and four years from now. What is the size of the equal payments if money is worth 9.6% compounded semi-annually? 15. LO Patrick has $2000 to invest. Which of the following options should he choose? a. 4% compounded annually b. 3.75% compounded semi-annually c. 3.5% compounded quarterly d. 3.25% compounded monthly 16. LOO a. How many years will it take for $7500 to accumulate to $9517.39 at 3% compounded semi-annually? b. Over what period of time will money triple at 9% compounded quarterly? c. How many years will it take for a loan of $10 000 to amount to $13 684 at 10.5% compounded monthly
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