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A financial obligation requires the payment of $1,000 in 2 months, $3,000 in 8 months,...

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Accounting

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A financial obligation requires the payment of $1,000 in 2 months, $3,000 in 8 months, and $4,000 in 14 months. Instead, if a payment of $2,000 is made now, when should a second payment of $6,000 be made if interest is 9% compounded monthly? (6 marks) Loan payments of $1,725 due today, $510 due in 75 days, and $655 due in 323 days are to be combined into a single payment to be made 115 days from now. What is that single payment if money is worth 8.5% p.a. and the focal date is 115 days from now

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