simple interest, Mathematics

Assignment Help:
Three payments of $2000 (originally due six months ago, today, and six months from now) have been renegotiated to two payments: $3000 one month from now and a second payment due in four months. What must the second payment be for the replacement payments to be equivalent to the originally scheduled payments? Assume that money can earn an interest rate of 4%. Choose a focal date four months from now.

Related Discussions:- simple interest

What is the prime factorization of 84, What is the prime factorization of 8...

What is the prime factorization of 84? This is the only answer choice which has only PRIME numbers. A prime number is a number along with two and only two distinct factors. In

Find out the mean wait in line - probability, Example of Probability I...

Example of Probability Illustration:  It has been determined that the probability density function for the wait in line at a counter is specified by, In which t is the

Determine the eigenvalues and eigenvectors of the matrix, Determine the eig...

Determine the eigenvalues and eigenvectors of the subsequent matrix. Solution : The first thing that we require to do is determine the eigen-values. It means we require

Example of linear equations, Example of Linear Equations: Solve the eq...

Example of Linear Equations: Solve the equation 2x + 9 = 3(x + 4). Solution: Step 1. Using Axiom 2, subtract 3x and 9 from both sides of the equation. 2x + 9 = 3(

Permutation, A telephone dialled is numbered 0to9. if 0is dialled first the...

A telephone dialled is numbered 0to9. if 0is dialled first the caller is connected to the international exchange system.find the number of local calls that can be rung if a local n

Algebra, If a^n+1 + b^n+1/a^n + b^n is the arithmetic mean of a and b then ...

If a^n+1 + b^n+1/a^n + b^n is the arithmetic mean of a and b then find n. Answer:Arithmatic mean of a,b is =(a+b)/2  from the problem (a+b)/2=(a^n+1 +b ^n+1)/(a^n+b^n)  then (a+

Value delivery, What do you mean by value delivery

What do you mean by value delivery

Graphs, How do I graph a round robin pool tournment with 6 players using gr...

How do I graph a round robin pool tournment with 6 players using graph theory

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd