If anyone can help me with any of these it would be much appreciated as I don’t understand.
A perpetuity makes monthly cash payments of $200. If the first cash payment is made in six months' time, in which month is the present value of the perpetuity determined?
A contractual arrangement requires payments of $15,000 on 7 October 2019 and $9,000 on 7 October 2024. What is an equivalent single amount payable on 7 October 2026 at an interest rate of 4% p.a. compounding quarterly?
To repay a $400,000 loan you are required to make sixteen equal-sized repayments every six months. If the loan's interest rate is 5% p.a. compounded half-yearly, what is the loan outstanding after the first repayment?
A perpetuity makes monthly cash payments of $200. If the first cash payment is made in six months' time, in which month is the present value of the perpetuity determined?
A contractual arrangement requires payments of $15,000 on 7 October 2019 and $9,000 on 7 October 2024. What is an equivalent single amount payable on 7 October 2026 at an interest rate of 4% p.a. compounding quarterly?
To repay a $400,000 loan you are required to make sixteen equal-sized repayments every six months. If the loan's interest rate is 5% p.a. compounded half-yearly, what is the loan outstanding after the first repayment?