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Title: Two debts, the first of $1400 due nine months ago and the second of $1600 borrowed one year ago for Post by: ashkatnew on Feb 15, 2023 Two debts, the first of $1400 due nine months ago and the second of $1600 borrowed one year ago for a term of four years at 1% compounded annually, are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 1.8% compounded quarterly and the focal date is one year from now.
The size of the replacement payment is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Title: Re: Two debts, the first of $1400 due nine months ago and the second of $1600 borrowed one year ago ... Post by: dreama_g on Feb 15, 2023 The answer is 3063.84
See attachment Title: Re: Two debts, the first of $1400 due nine months ago and the second of $1600 borrowed one year ago ... Post by: Nivedit Jain on Mar 16, 2023 Thank you
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