# Business Math : Compounding Interest - Amount of Payments

Not what you're looking for?

John recently incurred the following debts:

1. $500 due in one year

2. $800 plus interest at 12% compounded semi-annually due in two years.

He wishes to discharge these debts by making 3 equal payments. The first payment will be due in 6 months, the second in 18 months and the third in 30 months. What is the size of these payments if money is worth 10% compounded quarterly and a focal date of 18 months is used for evaluation purposes?

##### Purchase this Solution

##### Solution Summary

Payments for a debt with compound interest are calculated. The soultion is well presented.

##### Purchase this Solution

##### Free BrainMass Quizzes

##### IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

##### Learning Lean

This quiz will help you understand the basic concepts of Lean.

##### Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

##### Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

##### Lean your Process

This quiz will help you understand the basic concepts of Lean.