Find the equivalent replacement payments for the following scheduled payments. Original Scheduled Payment At an interest rate of 8%, $1300 is due in 5 months. At an interest rate of 3%, $1900 is due in 2 years. Replacement Payment Three equal payments due in 5, 12, and 16 months Focal date Rate One year from today 11% ... The size of the equal payments is $ (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 payments. Original Scheduled Payment At an interest rate of 8%, $1300 is due in 5 months. At an interest rate of 3%, $1900 is due in 2 years. Replacement Payment Three equal payments due in 5, 12, and 16 months Focal date Rate One year from today 11% ... The size of the equal payments is $ (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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Similar questions

Find the present value of the following deferred annuity due. Periodic Made Payment Period of Deferment Payment At: Period $800 beginning 3 months 8 years Term 6 years Interest Rate 6% Conversion Period monthly The present value of the deferred annuity due is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
A loan payment of $1100.00 was due 10 days ago and another payment of $800.00 is due 40 days from now. What single payment 90 days from now will pay off the two obligations if interest is to be 3% and the agreed focal date is 90 days from now? The value of the payment is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Scheduled payments of $1049, $1055, and $1459 are due in one year, three-and-a-half years, and five years respectively. What is the equivalent single replacement payment three years from now if interest is 8.3% compounded quartertv?
Find the future values of the following ordinary annuities: a. FV of $500 paid each 6 months for 5 years at a nominal rate of 6% compounded semiannually. Do not round Intermediate calculations. Round your answer to the nearest cent. $ b. FV of $250 paid each 3 months for 5 years at a nominal rate of 6% compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent. $ c. These annuities receive the same amount of cash during the 5-year period and earn interest at the same nominal rate, yet the annuity in part b ends up larger than the one in part a. Why does this occur? -Select-
Scheduled payments of $1351, $1445, and $1003 are due in one year, three-and-a-half years, and six years respectively. What is the equivalent single replacement payment two years from now if interest is 6.7% compounded annually? The equivalent ingle replacement payment is: (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Payment of $942 due 1 months ago and $439 due today are to be repaid by a payment of $400 one month from today and the balance in 9 months from now. If money is worth 4% compounded monthly, and the agreed focal date is 9 months from today. What is the size of the final payment? Please express your answer to the nearest dollar. Sample input: 2456 for $2456.
Scheduled payments of $503, $1303, and $975 are due in one-and-a-half years, three-and-a-half years, and six years respectively. What is the equivalent single replacement payment two years from now if interest is 1.7% compounded semi-annually? 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.)
Round to the nearest cent as neccessary
Three payments are scheduled as follows: $1,500 is due today, $1,200 is due in five months, and $2,100 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 6.5%? Use ten months from now as the focal date. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Payment LA
What is the present value of a $1,300 payment made in five years when the discount rate is 10 percent? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Present value
A scheduled payment of $5,500 due in one year is to be replaced with two payments: the first due in 8 months and the second due in 17 months. Calculate the size of the two payments if the second payment is to be twice as large as the first payment, and money can earn 9% compounded monthly. First payment: $0.00 Second payment: Round your answers to the nearest cent $0.00
For the following ordinary annuity, determine the size of the periodic payment. Present Future Value Value Payment Period $4,400.00 1 quarter Term of Annuity Interest Rate 16 years, 3 months Conversion Period 8.3% quarterly The periodic 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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