Question

1) A debt of ​$5500 due five years from now and ​$5500 due ten years from now is to be repaid by a payment of ​$2300 in two years​, a payment of ​$4600 in four ​years, and a final payment at the end of six years. If the interest rate is 1.9​% compounded​ annually, how much is the final​ payment?

2) Find the effective rate of interest that corresponds to 14​% annual rate compounded continuously. re=. % ​(Round to two decimal places as​ needed.)

3)Find the effective rate of interest that is equivalent to a nominal rate of 26% compounded for the given times a year. Answer parts ​(a) through​(e).

a) If the rate of interest is compounded​ yearly, then. re≈​%.​ (Round to three decimal places as​ needed.)

b) If the rate of interest is compounded​ semiannually, then. re≈1 ​%. ​(Round to three decimal places as​ needed.)

c) If the rate of interest is compounded​ quarterly, then re≈​%.​(Round to three decimal places as​ needed.)

​(d) If the rate of interest is compounded​ monthly, then re≈​%.  ​(Round to three decimal places as​ needed.)

​(e) If the rate of interest is compounded​ daily, then. re≈ ​%. ​(Round to three decimal places as​ needed.)

4)

How long will it take money to quadruple? if it is invested at the following​ rates?

​(A). 6.8​% compounded quarterly

B). 8.5​% compounded quarterly

​Question: (A). years. ​(Round to two decimal places as​ needed.)

​(B). years. ​(Round to two decimal places as​ needed.)

5)

Find the present value of the given future payment at the specified interest rate.

​$4000 due in two years at 13/2​% compounded daily

Question: The present value is approximately ​$. ​(Round to the nearest cent as​ needed.)  

Answer 1

Answer:- As per policy, solved one question.