1. $980.39
2. $5,295.89
3. 18 months
4. 4.5 years
5. j₂=10.0000%
6. 1. (a) j₂ = 9.1012%     (b) j₁₂=8.9333%     (c) j₄=11.4949%
7. First payment: $4,284.02; second payment: $9,284.02
8. $4,231.33 is paid at 18 and 30 months
9. (a) First payment: $5,871.56; second payment $2,935.78      (b) $807.34
10.   $5,262.17

 

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