A debt of $7734.34 is repaid by payments of $1352.47 in 5 months, $944.45 in 15 months, and final payment in 23 months. If interest was 7% compounded quarterly, what was the amount of the final payment? no handwritten solution please
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A debt of $7734.34 is repaid by payments of $1352.47 in 5 months, $944.45 in 15 months, and final payment in 23 months. If interest was 7% compounded quarterly, what was the amount of the final payment?
no handwritten solution please
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- The debt is amortized by the periodic payment shown. Compute (a) the number of payments required to amortize the debt; (b) the outstanding principal at the time indicated. Debt Principal Debt Payment Payment Interval Interest Rate Conversion Period Outstanding Principal After: $16,000 $1,128 1 month 5% semi-annually 7th payment (a) The number of payments required to amortize the debt is nothing. (Round up to the nearest integer.) (b) The outstanding principal is $nothing. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)Hi, How do i find the mising amounts? The interest period is semi-annual. Interest payment is $131,250A debt is amortized by monthly payments of $250. Interest is 8% compounded monthly. If the outstanding balance is $3225.68 just after a particular payment (say, the xth payment), what was the balance just after the previous payment (i.e., the (x-1)th payment?
- A loan of $2700 collecting simple interest at a 7.9% annual rate was repaid with a check for $2806.65. How long did it take the borrower to repay the loan?< A debt of $7931 23 is repaid by payments of $1129.24 in 7 months, $1229.85 in 15 months, and a final payment in 23 months. If interest was 9% compounded annually, what was the amount of the final payment? The final payment is $☐ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)USE THE FOLLOWING INFORMATION FOR THIS QUESTION: Installment note payable borrowed from the bank Present value interest factor from table Signed for Annual interest rate Payments are made 195,060 $7,802 $99,442 The outstanding loan balance at the end of year 3 equals what amount? $103,420 zero $287,000 unable to determine 2.77509 3 years 4% Annually