What single payment today would replace a payment of $2,100 in 2 years and a payment of $5,000 in 6 years if the interest rate is 6.35% compounded monthly? Round to the nearest cent

Q: Two payments of $7,500 each must be made three years and six years from now. If money can earn 8.4%…

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Q: What single payment today would replace a payment of $2,300 in 2 years and a payment of $4,000 in 4…

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Q: How much interest will an account earn if you deposited $715 semi-annually for 11 years and the…

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Q: What payment is required at the end of each month for 10 years to repay a $200,000 mortgage if…

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Q: The owner of Oak Hill Squirrel deposits $2,000 at the end of each quarter into an account paying…

A: Given: Deposit Amount: $2000 Time to pay: Each Quarter Interest: 2.5% compounded quarterly. To find:…

Q: Scheduled payments of $900 due two years ago and $1,200 due in five years are to be replaced with a…

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Q: If $13,376.39 was the interest earned on lending $79,600.00 for 6 years, what was the quarterly…

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Q: In order to accumulate enough money for a down payment on a house, a couple deposits $421 per month…

A: Given information Amount deposited per month R=$421 Rate of interest r=3% compounded monthly…

Q: What equal payments in 3 years and 4 years would replace payments of $35,000 and $75,000 in 7 years…

A: We use the formula:    A=P(1+r4)4n    where A=future value    P=present value        r=rate of…

Q: Two payments of $7,000 and $2,200 are due in 1 year and 2 years, respectively. Calculate the two…

A: Two payments of $7,000 and $2,200 are due in 1 year and 2 years, respectively. To Calculate the two…

Q: A business must raise $90,000 in 7 years. What should be the size of the owners' quarterly payment…

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