A loan of $3421 borrowed today is to be repaid in three equal installments due in two years, three years, and five-and-a

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A Loan Of 3421 Borrowed Today Is To Be Repaid In Three Equal Installments Due In Two Years Three Years And Five And A 1 (30.9 KiB) Viewed 48 times

A loan of $3421 borrowed today is to be repaid in three equal installments due in two years, three years, and five-and-a-half years, respectively. What is the size of the equal installments if money is worth 8.6 % compounded monthly? The payments are each $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) What sum of money will grow to $6786.03 in eight years at 6.6% compounded semi-annually? The sum of money is $. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) A $5736.13 investment matures in 4 years, 8 months. Find the maturity value if interest is 8.5% per annum compounded annually. The maturity value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)