This Question: 1 pt 1 of 8 A loan of $4600 is due in 6 years. If money is worth 4.4% compounded annually, find the equivalent payments that would settle the debt at the times shown below. (a) now (b) in 2 years (c) in 6 years (d) in 11 years (a) The equivalent loan payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The equivalent loan payment is s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The equivalent loan payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (d) The equivalent loan payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) This Question: 1 pt 2 of 8 In winning the lottery, you have the choice of receiving $60,000 now or $24,000 now and $42,000 two years from now. In terms of today's dollar, which choice is better and by how much? Money is worth 4.25% compounded annually. Which investment is better? O A. The choice of $24,000 now and $42,000 in two years is better. B. The choice of $60,000 now is better. OC. They are equal in value. The better investment is greater than the other investment by $(in terms of today's dollar. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) This Question: 1 pt 3 of 8 This Quiz: 8 pts poss Scheduled payments of $400, $1200, and $1300 are due in one-and-a-half years, four-and-a-half years, and six years respectively. What is the equivalent single replacement payment two-and-a-half years from now if interest is 5.9% compounded annually? The equivalent single replacement payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) This Question: 1 pt 4 of 8 Find the proceeds of the following promissory note. An eight-year, $4800.00 note bearing interest at 5.6% compounded annually, issued October 1, 2003, discounted on October 1, 2010 to yield 4.1% compounded quarterly. The proceeds of the note are $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) This Question: 1 pt 5 of 8 Find the proceeds of a promissory note with a maturity value of $2800 due on July 31, 2023, discounted at 7.4% compounded quarterly on April 30, 2021. The proceeds are $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) This Question: 1 pt 6 of 8 A six-year note for $3041.89 issued on November 1, 2012, with interest at 3.8% compounded quarterly is discounted on April 1, 2014, at 6.9% compounded monthly. What are the proceeds of the note? The proceeds of the note are $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) This Question: 1 pt 7 of 8 A debt of $7050.99 is due December 1, 2023. What is the value of the obligation on December 1, 2017, if money is worth 2% compounded quarterly? The value of the obligation is s (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) This Question: 1 pt 8 of 8 What sum of money will grow to $3624.37 in six years at 2.5% compounded quarterly? The sum of money is $1 (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) This Question: 1 pt 5 of 8 Find the proceeds of a promissory note with a maturity value of $2800 due on July 31, 2023, discounted at 7.4% compounded quarterly on April 30, 2021. The proceeds are $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Purchase answer to see full attachment