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A loan of $4700 is due in 6 years. If money is worth 4.8% compounded...

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Accounting

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A loan of $4700 is due in 6 years. If money is worth 4.8% compounded annually, find the equivalent payments that would settle the debt at the times shown below. (a) now (b) in 2 years (c) in 6 years (d) in 10 years (a) The equivalent loan payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The equivalent loan payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The equivalent loan payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (d) The equivalent loan payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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