ZLX Inc owes a consulting firm $1,256,300, payable in 12 months. To fund this bill today, how much would ZLX need to deposit if they earn 4% APR compounded monthly?
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ZLX Inc owes a consulting firm $1,256,300, payable in 12 months. To fund this bill today, how much would ZLX need to deposit if they earn 4% APR compounded monthly?
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- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?You owe the bank $1,245 in 9 months. How much do you need to deposit in an account today, earning 3.25% APR compounded monthly, to fully fund this obligation?Travis International has a debt payment of $2.36 million that it must make 4 years from today. The company does not want to come up with the entire amount at that time, so it plans to make equal monthly deposits into an account starting 1 month from now to fund this liability. If the company can earn a return of 5.43 percent compounded monthly, how much must it deposit each month?
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