Debt payments of $2,450 and $1,900 are due in five months and ten months, respectively. What single payment is required to settle both debts in one month? Assume a simple interest rate of 7.50% p.a. and use one month from now as the focal date.

A bank lends you $250,000 (loan amount is $250,000) at a 7.25% nominal interest rate. The loan requires monthly interest-only payments for 6 months, followed by equal monthly payments of principal and interest based on a 25 year amortization schedule. The loan matures in 5 years and a balloon payment is due at that time. What is the total interest dollar amount paid by the end of month 60? Round all dollar calculations and your final answer to the nearest penny.

How many month deposits of $350 each, and what final deposit one period later, will be necessary to accumulate $17581, if interest is at 16.82 % compounded daily? What is number of regular deposits ? What is final deposit one period later after last regular deposit ?

Scheduled payments of $800 due two months ago and $1200 due in one month are to be repaid by a payment of $1000 today and the balance in three months. What is the amount of the final payment if the simple interest rate is 7.75% p.a and the focal date is one month from now?