Item7 Time Remaining 28 minutes 19 seconds00:28:19 Check my workCheck My Work button is now disabledItem 7 Time Remaining 28 minutes 19 seconds00:28:19 A payment stream consists of three payments: $1,300 due today, $ 1,800 due 90 days from today, and $2,300 due 240 days from today. What single payment, 80 days from today, is economically equivalent to the payment stream if money can be invested at a rate of 3.8% ? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.) Single payment $

Item7 Time Remaining 28 minutes 19 seconds00:28:19 Check my workCheck My Work button is now disabledItem 7 Time Remaining 28 minutes 19 seconds00:28:19 A payment stream consists of three payments: $1,300 due today, $ 1,800 due 90 days from today, and $2,300 due 240 days from today. What single payment, 80 days from today, is economically equivalent to the payment stream if money can be invested at a rate of 3.8% ? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.) Single payment $

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter9: Sales And Purchases

Section: Chapter Questions

Problem 5QY: What does the 2 in 2/10, n/30 mean? a. Pay in 2 days to ensure early payment b. 2% discount for...

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1 Start with a Blank Excel Workbook 2 Your data will consist of the information provided below 3 Determine the Monthly Payment using the "PMT" formula 4 Create a detailed amortization schedule for the number of months below 5 Amortization schedule must include Interest calculation and a running balance 6 Create a Payment Dates Balance Lookup that uses the VLOOKUP formula to return the Balance for a given date 7 Extra credit (Use a Drop-Down list to select the Look up Date using "Payment Date" from your amortization scheduled 8 Format your document to only print the summary information without the amortization schedule (print on 1 page) Purchase Amount: $ 29,000.00 Down Payment Amount $ 1,000.00 YourName Loan Amount $ 28,000.00 (Summary Information) Term (months): 36 Interest Rate (APR): 3.50% Starting Date 12/7/2021…
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