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Science-Related Homework Help Mathematics Topic started by: bio_man on Mar 15, 2023



Title: A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, find
Post by: bio_man on Mar 15, 2023
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, find the equivalent payments at the times shown below.

(a) now
(b) in 12 months
(c) in 24 months
(d) in 36 months
 
Determine the value of the nominal annual rate of interest, j.

Determine the number of compounding (conversion) periods per year, m.


Title: Re: A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Post by: bio_man on Mar 17, 2023
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