Your brother was supposed to repay a loan to you in 2 payments due in the past. He is going settled those payments with a single payment today. One was worth $645.69 from 10 months ago and the other was $1165.44 from 4 months ago. If the interest is 7.9% p.a., what is the amount of the payment required today to settle the debt? Your answer must include units and be rounded to the correct number of decimal places.

Q: Determine the value of an account after 10 years if a principal amount of 11000 was deposited with…

A:

Q: The first credit card Elisabeth receives charges 13.81% interest compounded monthly to its…

A: compounded interest =13.81% n=4 months A=2425.23 i=13.8112×100   =0.011508 it is known that  A=P1+in

Q: what lump sum do parents need to deposit in an account earning 7% compound monthly so that it will…

A: Here r=7%=0.07, n=12 ,A=$100000, t=15. Let parents need to deposit the lump sum $P We find P.…

Q: 4400 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the…

A:

Q: Your electric bill is $128. You are charged 12% simple interest for late payments. How much do you…

A: Solution-: Given: Amount of  electric bill is $128. Rate of simple interest =12% . How much do you…

Q: suppose you borrow 865 for aterm of three years at simple interest and 5.46% apr. determine the…

A: Given that  Borrowing amount 865 Time period 3 years  Rate of interest 5.46%

Q: City Wide Delivery Service uses vans costing $24,800 each. How much will the have to invest today to…

A:

Q: When you were born, your grandfather established a trust fund for you in the Cayman Islands. The…

A:

Q: You want to save $20,000 for a down payment on a home by making regular monthly deposits over five…

A:

Q: A company has a tax bill of $14,930 coming due in 10 months.  They would like to save for this bill…

A: Let $x is the amount of money deposited each month  So at the end of first month, the bank account…