CourseLover

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About CourseLover

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Elementary,Middle School,High School,College,University,PHD

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Algebra,Applied Sciences See all
Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Engineering,Health & Medical,HR Management,Law,Marketing,Math,Physics,Psychology,Programming,Science Hide all
Teaching Since: May 2017
Last Sign in: 286 Weeks Ago
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Education

  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

Experience

  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Accounting Posted 09 Dec 2017 My Price 10.00

Calculate X and Give your answer rounded to whole number.

You are given two loans, with each loan to be repaid by a single payment in the future. Each payment includes both principal and interest. The first loan is repaid by a 3000 payment at the end of four years. The interest is accrued at an annual nominal rate of discount equal to 5% compounded semiannually. The second loan is repaid by a 4000 payment at the end of five years. The interest is accrued at an annual nominal rate of interest equal to 5% compounded quarterly. These two loans are to be consolidated. The consolidated loan is to be repaid by two equal installments of X, with interest accruing at an annual effective rate of 5%. The first payment is due immediately (i.e. at time t = 0 years), and the second payment is due at the end of the first year (i.e. at time f = 1 year). Calculate X. Give your answer rounded to the nearest whole number.

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CourseLover
(12)
Status NEW Posted 09 Dec 2017 06:12 AM My Price 10.00

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