Compounded Discount Rate - Can anyone help me with these math problems?

[northernlightxxl]

Problem 1:
A women owes 4500 dollars due in three years and 3000 dollars due in five years. She wants to settle her obligations with a single payment in four years. Find the size of the payment if money is worth 6% discount rate compounded quarterly

 

[Steven G]

Sure we can help you find the solution but you need to show us the work you have done so we know exactly what kind of help you need. Thanks.

 

[Deleted member 4993]

Problem 1:
A women owes 4500 dollars due in three years and 3000 dollars due in five years. She wants to settle her obligations with a single payment in four years. Find the size of the payment if money is worth 6% discount rate compounded quarterly

Please follow the rules of posting in this forum, as enunciated at:

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Please post 1 problem/thread - I have split the original thread.

 

[Skaffa math guy]

Is this the equivalation of value?

 

[Harry_the_cat]

Not familiar with the term "equivalation of value"? What is meant by that?

 

[HallsofIvy]

The word "equivalation" seems to have disappeared from the original post but I suspect it was supposed to be "equivaluation". Suppose you put X dollars in the bank at 6% compounded quarterly. What would X have to be to be worth $4500 in three years? To be worth $3000 in five years? Add those two amounts.

 

[Deleted member 4993]

The word "equivalation" seems to have disappeared from the original post but I suspect it was supposed to be "equivaluation". Suppose you put X dollars in the bank at 6% compounded quarterly. What would X have to be to be worth $4500 in three years? To be worth $3000 in five years? Add those two amounts.

I did that - because it seemed the question was complete without that "confusing" word. I may be mistaken!

 

[Steven G]

I may be mistaken!

Nah.