Find the size of the equal payments if money is at present

Assignment Help Financial Management

Reference no: EM131044837

Jungle Jim owes three debts:

$500 due in one year plus interest at 6% compounded semi-annually, $2000 due in two years (Interest is not given for this which means $2000 is a maturity value), $1000 due in three years plus interest at 5% compunded monthly.

He wishes to discharge these debts by paying $500 now and two equal but unknown payments in one and two years respectively. Find the size of the equal payments if money is, at present, worth 12% compounded quarterly. Use a focal date of 2 years.

Reference no: EM131044837

Questions Cloud

Identify the current mission statement and short term goals : Identify the current mission statement, short term, and long term goals. Recommend potential additions/deletions to each. Strategic implications of organizational objectives, structure and processes.

A constant growth stock just paid a dividend : A constant growth stock just paid a dividend of $1.9 and has a growth rate of 4.6%. The required rate of return on the stock is 12.6%. The stock's dividend yield in the current year is _______%. (answer in two decimal numbers)

Mean gmat score of mean of the sample : Find the probability that the mean GMAT score of mean of the sample pf 25 examinees is less than 480? Find the probability that exactly 10 out of 25 selected examinees achieved a score greater than 420.

Taxes payable-income tax expense : In early 2009 Sanborn Company must pay the tax authority €37,000 on the income it earned in 2008. Th is amount was recorded on the company's 31 December 2008 financial statements as:

Find the size of the equal payments if money is at present : $500 due in one year plus interest at 6% compounded semi-annually, $2000 due in two years (Interest is not given for this which means $2000 is a maturity value), $1000 due in three years plus interest at 5% compunded monthly. He wishes to discharge t..

Find the probability that the mean gmat score : 1) Suppose that 25 examinees are picked at random. Let X be the mean GMAT score of the 25 examinees selected. Find the mean and standard deviation of the sample mean GMAT score X. 2) Find the probability that the mean GMAT score X of the sample of ..

Program to fit a single hidden layer neural network : Vary the number of hidden units in the network, from 1 up to 10, and determine the minimum number needed to perform well for this task.

What threshold gmat score : What threshold GMAT score should the umkc business school set in order to ensure that 20 percent of the examinees who apply to their program will be accepted.

Identify type of financial market where-flow of funds occurs : Worcester Tool Company is a large, U.S.-based, multinational corporation with subsidiaries in eight different countries. Explain the various ways in which Citigroup could facilitate Worcester’s flow of funds, and identify the type of financial market..

User Account

All Pages