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Determine the size of the replacement payment

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Question 1. Two? debts, the first of ?$800 due three months ago and the second of $1500 borrowed two years ago for a term of five years at 5?% compounded annually?, are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 3.8?% compounded quarterly and the focal date is one year from now.

The size of the replacement payment is____?$enter your response here.

?(Round to the nearest cent as needed. Round all intermediate values to six decimal places as? needed.)

Question 2. A debt of ?$5769.14 is due October ?1, 2022. What is the value of the obligation on July 1, 2017, if money is worth 9% compounded semi-annually?

The value of the obligation is_____?$enter your response here.

(Round to the nearest cent as needed. Round all intermediate values to six decimal places as? needed.)

Question 3. A demand loan for $3913.05 with interest at 7.6?% compounded semi-annually is repaid after 9 ?years, 11 months. What is the amount of interest? paid?

The amount of interest is_____?$enter your response here.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as? needed.)

Reference no: EM133060072

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