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How much did speedy movers borrow for a debt

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-What single payment today would replace a payment of $2,600 in 1 years and a payment of $5,700 in 5 years if the interest rate is 6.85% compounded quarterly?

-If money earns 4.32% compounded quarterly, what single payment in two years would be equivalent to a payment of $2,170 due three years ago, but not paid, and $650 today?

-How much did Speedy Movers borrow for a debt that accumulated to $57,908.29 in three years? The interest rate was 3.93% compounded monthly.

-Kimberly loaned $69,000 to a small business at 3.67% compounded quarterly for 1 year and 6 months. How much would the business have to repay her at the end of the period?

-Payments of $1,250 in 1 year and another $2,900 in 4 years to settle a loan are to be rescheduled with a payment of $1,050 in 18 months and the balance in 30 months. Calculate the payment required in 30 months for the rescheduled option to settle the loan if money earns 4.5% compounded semi-annually during the above periods.

-Alexander would like to accumulate $415,000 for her retirement in 13 years. If she is promised a rate of 4.77% compounded monthly by her local bank, how much should she invest today?

Reference no: EM132915516

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