management offers a reduction of membership fees
1) The annual Deerfield Golf Club fees of $ 1750 are due on March 1,2018. Club management offers a reduction of membership fees of 18.9% p.a. to members who pay the due by September 1,2017. How much must a member pay on September 1 if she chooses to take advantage o the club management’s offer?
2) Debt payments of $700 in two months and $800 in five months are scheduled to be due. If interest at 8.3% is allowed, what single payment today is required to settle the two scheduled payments?
3) Loan payment of $400 due 9 days ago and $700 due today are to be repaid by a payment of $600 thirty days from today and the balance in 125 days. If money is worth 6% and the agreed focal date is 125 days rom today, what is the size of the final payment?