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Question 2 of 10 Carlos was supposed to pay Tyler $3,600 6 months ago and $1,720 in 5 months. If he wants to repay this
Posted: Fri Jul 01, 2022 7:43 am
by answerhappygod
- Question 2 Of 10 Carlos Was Supposed To Pay Tyler 3 600 6 Months Ago And 1 720 In 5 Months If He Wants To Repay This 1 (62.69 KiB) Viewed 30 times
Question 2 of 10 Carlos was supposed to pay Tyler $3,600 6 months ago and $1,720 in 5 months. If he wants to repay this amount with two payments of $2,800 today and the balance amount in 3 months, calculate the balance amount. Assume interest is 4.40% p.a. and the agreed focal date is 3 months from now. Round to the nearest cent.
Question 3 of 10 $0.00 What nominal interest rate compounded semi-annually is equivalent to 5.99% compounded quarterly? Round to two decimal places 0.00 %