Question

A debt of 150 000 due nine years from now and 24 000 due in five years from now are to be repaid by a payment of 65 000 in four years, and a final payment at the end of the eight year. if the interest rate is 5% compounded annually, how much is the final payment?​

Answer 1

Answer:

91632.24

Step-by-step explanation:

$150000(1+.05)^{-9}+24000(1+.05)^{-5}=65000(1+.05)^{-4}+x(1+.05)^{-8}\\x=91632.2366071$