businessfinancefinance questions and answersThe Education Cost Of The Students Of The Department Of Economics Studying In The USA For A …Question: The Education Cost Of The Students Of The Department Of Economics Studying In The USA For A Total Of 8 Semesters, Two Semesters Each Year, Is $ 20,000 Per Semester To Be Paid At The Beginning Of The Semester. The University Applies A 5% Interest Rate (i = D) Per Semester For Early And Late Payments. According To This; A) Find The Total Amount Payable …This question hasn’t been answered yetAsk an expertThe education cost of the students of the Department of
Economics studying in the USA for a total of 8 semesters, two
semesters each year, is $ 20,000 per semester to be paid at the
beginning of the semester. The university applies a 5% interest
rate (i = d) per semester for early and late payments. According to
this;
a) Find the total amount payable if you want to pay $ X at the end
of the first year, $ 2X at the end of the second year, and $ 40000
at the beginning of the sixth, seventh and eighth terms.
b) Find the total amount payable in installments of $ X for the
first four semesters and $ 2X for the second four semesters until
the end of school.
c) Find the total amount to be paid in 4 equal installments,
starting at the end of the eighth semester at the end of the
education period.
Expert Answer
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