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What single payment is required to pay off the debt today

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Q1) Debt payments of $2,560.00 and $1,965.00 are due four months from now and ten months from now respectively. What single payment is required to pay off the debt today if interest is 5.94%? NOTE: Don't forget the Units, round to 2 decimal places, and DO NOT use any spaces in your answer.

Q2) What principal will have a maturity value of $61,500.00 at 6.5% p.a. in 17 months?

Q3) Debt payments of $500.00, $1,000.00, $1,500.00 are due on March 1, May 1, and December 1 of the same year. If interest is 8% calculate the single payment on August 1 of the same year that would replace the three payments. NOTE: Don't forget the Units, round to 2 decimal places, and DO NOT use any spaces in your answer.

Reference no: EM132804272

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