a contract requires payments of $1700 in 50 and 100 day with simple intrest at 6%. what is the value ofcontract today if the payment are discounted to yield 7.5% ?

We'll use the present value formula: Present Value (PV) = Future Value (FV) / (1 + Interest Rate *…

Answered: a contract requires payments of $1700…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Similar questions

The house you find that would accommodate your growing family costs $295,000. You obtain a 30-year conventional mortgage at 6.75% after paying a down payment of 25% of the purchase price. Of the first month’s payment, how much is interest and how much is applied to principal?
If you have a loan of 140,000 at 9% per annum interest over 20 years and you have a monthly repayment for the loan of 2260.65 per month. But after 6 years you increase how much you pay to 1500. You can pay off that loan in the following 131 months. How much is saved by increasing the payments?
assume you will put down 10% on a house that costs 424,900 dollars, and borrow the rest. What is the dollar amount of thge down payment? and the dollar amount you will borrow?
June Watson is contributing $4,500 each year to a Roth IRA. The IRA earns 3.3% per year. How much will she have at the end of 30 years? If June's first payment is made with the establishment of the Roth IRA, she will have S (Round to the nearest cent as needed.)
A merchant bought goods worth 8,000 riyals, paid half the price in cash, and agreed to pay the rest at the end of 6 months, and the seller deducted the bill once received and found that the trade discount is 1.08 of the correct discount. If you know that discount rate equals interest rate, Calculate the following: I) Interest rate. II) The basic value of the bill.
3. A house sold for $75,200, which was 94% of the listing price of 4. When the sale on the Smith house closed, the broker withheld the sellers' title expense of $250, after deducting his 62 commission of $5,200 and delivered to the seller a net check for

Recommended textbooks for you

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Basic Technical Mathematics

Advanced Math

ISBN:

9780134437705

Author:

Washington

Publisher:

PEARSON

Topology

Advanced Math

ISBN:

9780134689517

Author:

Munkres, James R.

Publisher:

Pearson,

SEE MORE TEXTBOOKS

a contract requires payments of $1700 in 50 and 100 day with simple intrest at 6%. what is the value of contract today if the payment are discounted to yield 7.5 % ?