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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

    • 1. 
      Find the present worth of a bill of Rs. 2420 due 2 years later at 10% compound interest. Also find the true discount?

    • Options
    • A. Rs. 2000, Rs. 420
    • B. Rs. 2200, Rs. 520
    • C. Rs. 2100, Rs. 460
    • D. None of these
    • Discuss
    • 2. In the following question, four groups of three numbers are given. In each group the second and third number are related to the first number by a Logic/Rule/Relation. Three are similar on basis of same Logic/Rule/Relation. Select the odd one out from the given alternatives.

    • Options
    • A. (9, 11, 14)
    • B. (13, 15, 18)
    • C. (17, 19, 22)
    • D. (21, 23, 28)
    • Discuss
    • 3. Find the odd word/letters/numbers pair from the given alternatives.

    • Options
    • A. 41 - 72
    • B. 12 - 30
    • C. 51 - 42
    • D. 11 - 20
    • Discuss
    • 4. Find the odd man out. 253, 136, 352, 324, 631, 244

    • Options
    • A. 324
    • B. 136
    • C. 352
    • D. 631
    • Discuss
    • 5. Select the odd word from the given alternatives.

    • Options
    • A. Stream
    • B. Rivulet
    • C. River
    • D. Valley
    • Discuss
    • 6. Select the odd word from the given alternatives.

    • Options
    • A. Chair
    • B. Sofa
    • C. Couch
    • D. Television
    • Discuss
    • 7. Find the odd number in the following number series? 24, 4, 13, 41, 151, 640

    • Options
    • A. 4
    • B. 640
    • C. 41
    • D. 13
    • Discuss
    • 8. Find the odd term from the given series of numbers ? 125, 127, 130, 135, 142, 153, 165 ?

    • Options
    • A. 153
    • B. 165
    • C. 142
    • D. 127
    • Discuss
    • 9. What comes next in this sequence 196, 169, 144, 121, 100, 81, ?

    • Options
    • A. 77
    • B. 74
    • C. 67
    • D. 64
    • Discuss
    • 10. Find out the odd word/letters/number/number pair from the given alternatives.

    • Options
    • A. LJH
    • B. XUS
    • C. VTR
    • D. FDB
    • Discuss


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