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21-08-2018

Product code: Accounts-AW324

Q.1.    Ram borrowed \$9000 at 7%. He pays \$1100 in 2 months, \$250 in 5 months, and \$1300 in 7 months. What is the balance due in 10 months?

Q.2. Hari  was supposed to pay \$1460 to Sam on March 2. Some time later Hari paid Sam an equivalent payment of \$1552.84, allowing for a time value of money of 3.9% compounded monthly. When did  Hari make the payment?

Q.3. Ramesh borrowed \$3200, \$3600, and \$4100 from his father on January 1 of

the three successive years at college. Ramesh and his father agreed that interest would

accumulate on each amount at the rate of 51/4 % compounded semiannually. Ramesh is to

start repaying the loan one year after the \$4100 loan. What consolidated amount will he owe at that time?

Q.4.  A payment stream consists of three payments: \$2, 500 due today, \$3, 000 due 100 days from today, and \$3, 500 due 240 days from today. What single payment, 80 days from today, is economically equivalent to the payment stream if money can be invested at a rate of 5%?

Q.5.   A \$4000 payment is scheduled for six months from now. If money can earn 6.75%, calculate the payment’s equivalent value at each of nine different dates - today and every 30 days for the next 240 days. (Hint: construct a time diagram)

Q. 6. Debts of \$3000 due one year ago and \$7000 due in eigth months are to be paid with one single payment six months from now. What is the size of the payment if money is worth 7.75% compounded monthly?

Q. 7. What annual rate of interest was earned if a \$24, 000 investment for four months earned \$736.00 in interest?

Product code: Accounts-AW324

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