A loan of $4200 is due in 7 years. If money is worth 3.7% compounded annually, find the equivalent payments that would settle the debt at the times shown ben (a) now (b) in 2 years (d) in 10 years (c) in 7 years (a) The equivalent loan payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The equivalent loan payment is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The equivalent loan payment is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (d) The equivalent loan payment is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

A loan of $4200 is due in 7 years. If money is worth 3.7% compounded annually, find the equivalent payments that would settle the debt at the times shown ben (a) now (b) in 2 years (d) in 10 years (c) in 7 years (a) The equivalent loan payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The equivalent loan payment is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The equivalent loan payment is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (d) The equivalent loan payment is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter19: Lease And Intermediate-term Financing

Section: Chapter Questions

Problem 14P

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