A payment of $2,650 is due in 2 years and $3,600 is due in 4 years. These two original payments are to be rescheduled with a payment of $2,050 in 1 year and the balance in 3 years. Calculate the payment required in 3 years for the rescheduled option. Assume that money earns 4.75% compounded quarterly. Round to the nearest cent

Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.) $ Amount of Deposit Frequency Rate Time m r $1,250 quarterly 8% 25 yr

Payments of $1,550 in 1 year and another $2,200 in 4 years to settle a loan are to be rescheduled with a payment of $800 in 24 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 3.2% compounded semi-annually during the above periods. Round to the nearest cent

Find the amount of each payment to be made into a sinking fund which earns 8% compounded quarterly and produces $42,000 at the end of 4.5 years. Payments are made at the end of each period. The payment size is $ (Round to the nearest cent.) ..