what is the answer to question 33?

Chapter 8 I Simple Interest and Applications 359 30. The Director of Sales of a management consulting company was preparing a quotation for a potential client. He wanted to provide two payment options in the quote: I Option A: $4500 in 4 months and another payment of $7630 in 13 months. = Option B: Two equal payments, one in 6 months and the other in 12 months. If money earns 4% p.a., what must be the value of payments in Option B such that they are equivalent to the payments in Option A? Use today as the focal date. - 31. $5000 due today but not paid and $3000 due in six months are to be replaced by three equal payments in one, three, and five months from today. Find the equal payments if the interest rate is 6% p.a. Use five months from now as the focal date. - 32. $6400 due today but not paid and $2600 due in four months are to be replaced by three equal payments in two, four, and six months from today. Find the equal payments if the interest rate is 5% p.a. Use six months from now as the focal date. - 33. Tiziana loaned $5000 to Jessica who settled the loan in two installments: one in three months and the other in ten months. If the second payment was three times the amount of the first payment, and Jessica was charged 4.5% p.a., calculate the value of each of the payments. Use ten months from now as the focal date. - 34. The propriete months and first payme ption B. Use one year from - 35. A loan of two equa Let the - 36. Vijay equ int 37. receive her prize money: - 3 a Hair Salon borrowed $9500 at 5\% p.a. She agreed to settle the loan in two payments: one in six inine months from the time of borrowing the loan. Calculate the amount of each payment, if the le amount of the second payment. Use nine months from now as the focal date. p.a. is to be settled in three installments as follows: first payment of $5000 in three months, and he in six months and the other in nine months. Calculate the size of each of the equal payments. iree months from now. that is to be settled in three installments as follows: first payment of $1000 in six months and two in nine months and the other in one year. Calculate the value of each of the equal payments if the 7.5% p.a. Let the focal date be the end of one year. Ink loan and is expected to pay it back in three installments: $3100 in six months, $4200 in 10 months in months. Having realized his inability to keep up with the payment schedule, he decided to clear the gle payment in 17 months. If the interest rate on the loan is 5.85% p.a., what would be the value of this Use 17 months as the focal date. money from a financial institution and she is expected to pay it back in the following three installments: nonths, $3500 in nine months and $3800 in fourteen months. If the interest rate on the loan is 4.45% p.a., she borrow