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Questions -
Q1. On 2002/4/1, Peter borrowed $9000, agreeing to pay interest at 5.5%/year compounded monthly. He paid $1800 on 2005/10/1 and $2250 on 2008/2/1. He will make two more payments on 2011/12/01 and 2013/3/01, with the payment on 2011/12/01 being 90% higher than that on 2013/3/01. What payment will he make on 2013/3/01?
Q2. On 2001/3/1, Peter borrowed $7000, agreeing to pay interest at 5.8%/year compounded monthly. He paid $1400 on 2005/9/1 and $1750 on 2008/6/1. He will make two more payments on 2012/9/01 and 2014/8/01, with the payment on 2012/9/01 being 7 times that on 2014/8/01. What payment will he make on 2014/8/01?
Financial Statement Analysis and Preparation
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Computation of Free Cash Flow
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