What is the amount of these three equal payments

Reference no: EM13188717

A series of 10 annual payments of $7,500 is equivalent to three equal payments at the end of years 6, 10, and 15 at 15% interest compounded annually. What is the amount of these three equal payments?

Reference no: EM13188717

Questions Cloud

Architecting web-applications using web-services : Architecting web-applications using web-services has advantages. Forexample, you can gain increased security. Describe other advantages otherthan security gained by using web-services.

What percent of the bags weigh : A truck is loaded with bags of onions that weigh an average of 5 pounds with a standard deviation of 0.5 pounds. the histogram for the weights of the bags on the truck looks very much like a bell shaped curve of a normal distribution.

Display the contents of the astack in reverse order : Write a pseudocode/function that will delete from an unsorted linked list of integers the node that contains the smaller integer. Can you do this with a single traversal of the list?

What was the level of government spending : In the second quarter of 2006, household income was $13,134 billion, consumption was $9,162 billion, investment was $3,340 billion, and net exports were -$777 billion. What was the level of government spending in the second quarter of 2006

What is the amount of these three equal payments : A series of 10 annual payments of $7,500 is equivalent to three equal payments at the end of years 6, 10, and 15 at 15% interest compounded annually. What is the amount of these three equal payments

What is double counting in calculation gdp : draw a simple circular flow diagram with just firms:downstream firms that product final goods and services for consumption, and upstream in production only intermediate goods that are used by downstream firms in production.

Find the length of the flagpole : A flagpole is tilted at an angle of seven degrees from he horizontal and towards the sun. It casts a shadow of 14 meters when the angle of elevation of the sun is 43 degrees. Find the length of the flagpole.

Find the object maximum height : A guided missile is propelled from the origin of a coordinate system with the x-axis along the ground and the y-axis vertical. Its path, or trajectory, is given by the equation below.

What is the maximum angular velocity : A skater spins at a rate of 50 rpm with her arms extended. When she draws her arms in the radius of gyration (k) is 0.6 of the original k. What is the maximum angular velocity she could attain if angular momentum is conserved? Express answer in ra..

User Account

All Pages