What is the size of the replacement payment

Reference no: EM133715939

Question 1: When Roberta borrowed $1216.00 she agreed to repay the loan in two equal payments to be made in 30 days and 70 days from the day the money was borrowed if interest is 3 % on the loan what is the size of the equal payments if a focal date of today is used the value of payments is $

Question 2: Jane was due to make loan payments of $1668 seven months ago $4702 four months ago and $716 in three months she is to make a single payment today if money is worth 4.8% and the agreed focal date is today what is the size of the replacement payment?

Reference no: EM133715939

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