How much are each of the equal payments

Reference no: EM131965479

Question: A debt of $4500 due in 3 years and $6000 due in 5 years is to be repaid by a single payment of $1000 now and two equal payments that are due each consecutive years from now. If the interested rate is 6% compounded annually how much are each of the equal payments?

Reference no: EM131965479

Questions Cloud

Database concepts using microsoft access : Database Concepts Using Microsoft Access 1. Describe why data input validation is important.

Identify and show three triggers that would be helpful : Identify and show at least 3 triggers that would be helpful. Show examples of at least 3 transactions based on your database design and provided case.

Determine the equipments after-tax salvage value : Karsted Air Services is now in the final year of a project. The equipment originally cost $28 million, of which 75% has been depreciated.

Why do professional forensics certifications : Question: Why do professional forensics certifications have ethical standards?

How much are each of the equal payments : A debt of $4500 due in 3 years and $6000 due in 5 years is to be repaid by a single payment of $1000 now and two equal payments that are due each consecutive.

What are your known variables : What are your known variables? ( Be sure to consider whether these variables should be stated as annual values or whether they should be adustd)

How much of the assets are financed with equity : Debt Management Ratios Tierre's Ts, Inc. reported a debt to equity ratio of 3.2 times at the end of 2008. If the firm's total assets at year-end were $15.2.

Demonstrate what happens to equilibrium price and quantity : Economics for Decision Makers - Using Auckland City's Café Market as an example, compare and contrast the characteristics of a monopolistically competitive

Personal code of ethics in digital forensics : Do professional investigators need a personal code of ethics in Digital Forensics?

User Account

All Pages