[HW] Scheduled payments of $800 due in six months and $800 in one year are to be replaced by two equal payments. The first replacement payment is due today and the second payment is due in two years....


please show the timeline also


[HW] Scheduled payments of $800 due in six<br>months and $800 in one year are to be replaced by two<br>equal payments. The first replacement payment is due<br>today and the second payment is due in two years.<br>Determine the size of the two replacement payments if<br>interest is 9% compounded monthly and the focal date.<br>is today.<br>13.<br>

Extracted text: [HW] Scheduled payments of $800 due in six months and $800 in one year are to be replaced by two equal payments. The first replacement payment is due today and the second payment is due in two years. Determine the size of the two replacement payments if interest is 9% compounded monthly and the focal date. is today. 13.

Jun 11, 2022
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