Questions from Business Mathematics

Q: Express decimal and percent equivalent forms to five-figure accuracy.

Express decimal and percent equivalent forms to five-figure accuracy. 1000 25

Q: If money earns 3.5%, calculate and compare the economic

If money earns 3.5%, calculate and compare the economic value today of the following payment streams: Stream 1: Payments of $900 due 150 days ago and $1400 due 80 days ago. Stream 2: Payments of $800...

Q: What is the economic value today of each of the following payment

What is the economic value today of each of the following payment streams if money can earn 7.5%? (Note that the two streams have the same total nominal value.) 1. $1000, $3000, and $2000 due in one,...

Q: Eight months ago, Louise agreed to pay Thelma $750 and

Eight months ago, Louise agreed to pay Thelma $750 and $950, 6 and 12 months, respectively, from the date of the agreement. With each payment, Louise agreed to pay interest on the respective principal...

Q: Ninety days ago Stella signed an agreement with Manon requiring her to

Ninety days ago Stella signed an agreement with Manon requiring her to make three payments of $400 plus interest 90, 150, and 210 days, respectively, from the date of the agreement. Each payment was t...

Q: Payments of $2600, due 50 days ago, and $

Payments of $2600, due 50 days ago, and $3100, due in 40 days, are to be replaced by payments of $3000 due today and the balance due in 30 days. What must the second payment be if the payee is to end...

Q: Three payments of $2000 each (originally due six months ago

Three payments of $2000 each (originally due six months ago, today, and six months from now) have been renegotiated to two payments: $3000 due one month from now and a second payment due in four month...

Q: A payment stream consists of $1000 payable now and $1500

A payment stream consists of $1000 payable now and $1500 payable five months from now. What is the equivalent value of the payment stream two months from now if money is worth 5.5%?

Q: Payments of $900 due 30 days from now and $1000

Payments of $900 due 30 days from now and $1000 due 210 days from now are to be replaced with a single equivalent payment 90 days from now. If money can be invested at 4%, what single payment made 90...

Q: What is the equivalent value, 30 days from now, of

What is the equivalent value, 30 days from now, of a payment stream comprised of $2500 due 70 days from now and $4000 due 200 days from now? Assume money can earn 6 1 4%.