Scheduled payments of $1049, $736, and $959 are due in one-and-a-half years, three-and-a-half years, and five-and-a-half...

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Scheduled payments of $1049, $736, and $959 are due in one-and-a-half years, three-and-a-half years, and five-and-a-half year

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Answer 1

Answer #1

Formula used:
Future value = Present value×(1+Interest rate)^n

FV= PV×(1+r)^n
N= No.of periods = No.of quaters (in this case).

Single Equivalent Payment = $2580.58

Single Replacement Rate = 959 1049 - + 736 x(1-01875) (1. 01875) C1-01875)4 (1.01875) = $2 580. 58 Note: Interest rate &- to

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Answer 2

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