Homework answers / question archive / A loan of $3500 is due in 6 years If money is worth 5% compounded annually, find the equivalent payments that would settle the debt at the times shown below

A loan of $3500 is due in 6 years If money is worth 5% compounded annually, find the equivalent payments that would settle the debt at the times shown below

Finance

Share With

A loan of $3500 is due in 6 years If money is worth 5% compounded annually, find the equivalent payments that would settle the debt at the times shown below. (a) now (b) in 2 years (c) in 6 years (d) in 12 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.)