# Three payments are scheduled as follows - Three payments...

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Three payments are scheduled as follows: \$1,200 is due today, \$940 is due in fivemonths, and \$1,530 is due in eight months. The three payments are to be replacedby a single equivalent payment due ten months from now.What should the payment be if money is worth 5.9%? Use ten months from now asthe focal date.(Do not round your intermediate calculations and round the finalanswer to 2 decimal places.)
A \$9,700 loan is to be repaid in three equal payments occurring 68, 180, and 300days, respectively, after the date of the loan.
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Term
Summer
Professor
Lukyanenko
Tags
1 200, 940, 9 700, 1 530, 4 46

Unformatted text preview: Calculate the size of these payments if the interest rate on the loan is (7 1/4)%. Use the loan date as the focal date. (Do not round your intermediate calculations and round the final answer to 2 decimal places.) Payment \$ A \$100,000, 182-day Province of New Brunswick Treasury bill was issued 60 days ago. What will it sell at today to yield the purchaser 4.46%? (Do not round the intermediate calculations. Round your answer to 2 decimal places.) Price \$ 3,767.15 ± 0.01 3,349.54 98,531.16...
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