What is the value of the obligation on May

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Reference no: EM132755468

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Question 1: A debt of $7697.85 is due August 1, 2022. What is the value of the obligation on May 1, 2018, if money is worth 2% compounded annually. What is the value of the obligation?

Question 2: A demand loan for $8277.98 with interest at 6.9% compounded semi-annually is repaid after 9 years, 2 months. What is the amount of interest paid? The amount of interest is $?

Question 3: Two debts, the first of $1900 due six months ago and the second of $1300 borrowed one year ago for a term of three years at 4.1% compounded annually, are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 4.9% compounded quarterly and the focal date is one year from now. The size of the replacement payment is $?

Question 4: Scheduled payments of $801 due three years ago and $399 due in five years are to be replaced by two equal payments. The first replacement payment is due in two years and the second payment is due in nine years. Determine the size of the two replacement payments if interest is 8.3% compounded semi-annually and the focal date is two years from now. The size of the two replacement payments is $?

Reference no: EM132755468

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