1- A ranch valued at $ 3,800.00 is sold through a $ 1'000,000 down payment. The buyer agrees to pay the balance through 20 equal bimonthly payments, the first with maturity in 6 months. Find the value of the bimonthly payment if the rate is 17.5% cancel bimonthly convertible
2-Calculate the present value of a quarterly income of $ 25,000 over 5 years, if the first quarterly payment is made within 3 years and the interest rate is 13.4% annually convertible quarterly.
3-Mr. Rosales left in his will that his children would receive the amount of $ 500,000 after two years at the beginning of each four-month period for 20 years. If the money is invested at 14.22% annual convertible quarterly, find the current value of this legacy.
4- Esteban borrowed $ 18,000. After one year to settle the debt, he will make payments of $ 916.60 for 3 years. What is the interest rate?
5-The cash value of a copier is $ 12,000. It can be purchased on credit through 6 bi-monthly payments of $ 2,810, the first of which must be made 6 months after purchase. Calculate the nominal annual interest rate.