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Loan payments of $1,300 due today and $2,400 due in two years are to be replaced by two payments. The first replacement payment $X is due in three years and the second replacement payment of $2,800 is due in five years. Determine the size of the first replacement payment $X if interest is 8.4% p.a. compounded monthly and the focal date is three years from now (Year 3). Answer the following questions, and choose the closest answer from the possible choices following each question: If the focal date is at year 3, which TVM variable does the payment of $1,300 represent? Choose... Choose... Choose... If the focal date is at year 3, which TVM variable does the replacement payment of $2,800 represent? If you need to use the formula approach to find the focal date value manually, what value of "n" should you apply to the second replacement payment of $2,800? What periodic interest rate do you use if you need to solve this question manually using the formula approach? (Express in percentage with 4 decimal places or .0001%) If you need to use the formula approach to find the focal date value manually, what value of "n" should you apply to the first loan payment of $1,300? Choose... Choose... Your answer for $X at the focal date is Choose... Loan payments of $1,300 due today and $2,400 due in two years are to be replaced by two payments. The first replacement payment $X is due in three years and the second replacement payment of $2,800 is due in five years. Determine the size of the first replacement payment $X if interest is 8.4% p.a. compounded monthly and the focal date is three years from now (Year 3). Answer the following questions, and choose the closest answer from the possible choices following each question: If the focal date is at year 3, which TVM variable does the payment of $1,300 represent? Choose... Choose... Choose... If the focal date is at year 3, which TVM variable does the replacement payment of $2,800 represent? If you need to use the formula approach to find the focal date value manually, what value of "n" should you apply to the second replacement payment of $2,800? What periodic interest rate do you use if you need to solve this question manually using the formula approach? (Express in percentage with 4 decimal places or .0001%) If you need to use the formula approach to find the focal date value manually, what value of "n" should you apply to the first loan payment of $1,300? Choose... Choose... Your answer for $X at the focal date is Choose

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