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Scheduled paymonts of $659 due one year ago and $941 due in six years are to be replaced by two equal payments. The frst replacement payment is due in thene years and the second payment is due in nine years. Determine the size of the hwo replacement payments it interest is 2.8% compounded arnualy and the focal date is three years trom now. The size of the two repiacement payments is $ (Round the final answer to the nearest cent as needed. Round al intermediate values to sox decinal places as needed.).

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Scheduled paymonts of $659 due one year ago and $941 due in six years are to be replaced by two equal payments. The frst replacement payment is due in thene years and the second payment is due in nine years. Determine the size of the hwo replacement payments it interest is 2.8% compounded arnualy and the focal date is three years trom now. The size of the two repiacement payments is $ (Round the final answer to the nearest cent as needed. Round al intermediate values to sox decinal places as needed.)

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Scheduled paymonts of 659 due one year ago and 941 due in .pdf

  • 1. Scheduled paymonts of $659 due one year ago and $941 due in six years are to be replaced by two equal payments. The frst replacement payment is due in thene years and the second payment is due in nine years. Determine the size of the hwo replacement payments it interest is 2.8% compounded arnualy and the focal date is three years trom now. The size of the two repiacement payments is $ (Round the final answer to the nearest cent as needed. Round al intermediate values to sox decinal places as needed.)