We need to equate the total payments to the total obligations due at the end of year three. Debts The values of the R780 and R7 000 debts must be moved to the end of year three. For the R780 debt The

Our papers are 100% unique and written following academic standards and provided requirements. Get perfect grades by consistently using our writing services. Place your order and get a quality paper today. Rely on us and be on schedule! With our help, you'll never have to worry about deadlines again. Take advantage of our current 20% discount by using the coupon code GET20


Order a Similar Paper Order a Different Paper

We need to equate the total payments to the total obligations due at the end of year three. Debts The values of the R780 and R7 000 debts must be moved to the end of year three. For the R780 debt The future value is = P (1 + R) T S = 780 (1 + 0.11) 1 S = 865.80 For the R7 000 debt The value of the R7 000 debt at the end of year three is = P (1 + R) -T S = 7000 (1 + 0.11) -1 S = R6 306.31

Payments

There are two payments, namely R1 300 at the end of year one and R x at the end of year three. For the R1 300 payment The future value is = P (1 + R) T S = 1300 (1 + 0.11) 2 S = R1 601.73Total payments = Total obligations1601.73 + x = 865.80 + 6306.611601.73 + x = 7172.11 x = 7172.11 – 1601.73x = R5 570.38

Writerbay.net

We offer the best essay writing services to students who value great quality at a fair price. Let us exceed your expectations if you need help with this or a different assignment. Get your paper completed by a writing expert today. Nice to meet you! Want 15% OFF your first order? Use Promo Code: FIRST15. Place your order in a few easy steps. It will take you less than 5 minutes. Click one of the buttons below.


Order a Similar Paper Order a Different Paper