Question 2 of 4
Two payments of $10,000 and $5,600 are due in 1 year and 2 years,
respectively. Calculate the two equal payments that would replace these
payments, made in 6 months and in 4 years if money is worth 4.5%
compounded quarterly.
Round to the nearest cent

Question

06-10-2022
Business

Answered

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Question 2 of 4
Two payments of $10,000 and $5,600 are due in 1 year and 2 years,
respectively. Calculate the two equal payments that would replace these
payments, made in 6 months and in 4 years if money is worth 4.5%
compounded quarterly.
Round to the nearest cent

Sagot :

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Question 2 of 4 Two payments of $10,000 and $5,600 are due in 1 year and 2 years, respectively. Calculate the two equal payments that would replace these payments, made in 6 months and in 4 years if money is worth 4.5% compounded quarterly. Round to the nearest cent

Sagot :

Other Questions

Question 2 of 4
Two payments of $10,000 and $5,600 are due in 1 year and 2 years,
respectively. Calculate the two equal payments that would replace these
payments, made in 6 months and in 4 years if money is worth 4.5%
compounded quarterly.
Round to the nearest cent