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Home Aptitude Compound Interest See What Others Are Saying!
  • Question
  • Payments of $2000 and $1000 were originally scheduled to be paid one year and five years, respectively, from today. They are to be replaced by a $1500 payment due four years from today, and another payment due two years from today. The replacement stream must be economically equivalent to the scheduled stream. What is the unknown payment, if money can earn 7% compounded semiannually?


  • Options
  • A. 1548
  • B. 1348
  • C. 1648
  • D. 1748

  • Correct Answer
  • 1648 

    Explanation

    FV1 = Future value of $2000, 1 year later
    = PV (1+  i)^n

  • Tags: Bank Exams, Bank PO

    More questions

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      The median for the data 2, 4, 6, 8, 10, 12, 14 is

    • Options
    • A. 6
    • B. 8
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    • 2. 
      The value of 47 / 10000 is?

    • Options
    • A. .0047
    • B. .0470
    • C. .00047
    • D. .000047
    • Discuss
    • 3. If 4x = 18y, then the value of ( x/y - 1) is

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    • A. 1 3
    • B. 7 2
    • C. 2 3
    • D. 3 2
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    • 4. 
      If the price of 23 toys is Rs. 276, then what will the price (Rs.) of 12 toys?

    • Options
    • A. 144
    • B. 158
    • C. 159
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    • 5. 
      .02 =(......?.....)%

    • Options
    • A. 20
    • B. 2
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    • 6. 
      If 36 men can do a piece of work in 25 hours, in how many hours will 15 men do it?

    • Options
    • A. 45
    • B. 55
    • C. 60
    • D. 72
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    • 7. 
      2?63 / 11 =233

    • Options
    • A. 4
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    • C. 6
    • D. 5
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    • 8. 
      When 121012 is divided by 12, the remainder is

    • Options
    • A. 0
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    • 9. 
      Aarti can do a piece of work in 6 days. In how many days will she complete three time of work of same type?

    • Options
    • A. 18 days
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    • Discuss
    • 10. 
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    • Options
    • A. 49
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