Find the equivalent replacement payments for the following scheduled payment. Original Scheduled Payment Replacement Payment Focal date Rate $1000 due eight months ago In full Today 7.5% The equivalent replacement payment is S. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Find the equivalent replacement payments for the following scheduled payment. Original Scheduled Payment Replacement Payment Focal date Rate $1000 due eight months ago In full Today 7.5% The equivalent replacement payment is S. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

Find the equivalent replacement payments for the following scheduled payment.
Original
Scheduled Payment
Replacement
Payment
Focal date
Rate
$1000 due eight months ago
In full
Today
7.5%
The equivalent replacement payment is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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Scheduled payments of $379, $1336, and $825 are due in one year, four-and-a-half years, and five-and-a-half years respectively. What is the equivalent single replacement payment two years from now if interest is 3.5% compounded quarterly? The equivalent single replacement payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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