Adebt of $6000 due today is to be settled by two payments due three months from now and 9 months from now respectively . what is the size of the equal payments at 6% compounded quarterly?

$4194.39

Step-by-step explanation:

Two equal payments one after 3 months and another after 9 months respectively are used to settle a debt of $6000 due today.

We have to calculate the size of the equal payments at 6% compounded quarterly.

Let the amount be $x.

So, $(x + x) = $2x will be the total sum after interest.

Therefore, $6000 will be charged for 3 months at 6% interest quarterly and $(6000 - x) will be charged for (9 - 3) = 6 months at 6% interest quarterly.

The equation we can write is  

⇒ 6000 × 1.06 + ( 6000 - x)(1.1236) = 2x

⇒ 3.1236x = 6000 × 2.1836

⇒ x = $4194.39 (Answer)

i think it would be 43 movies that would have to be watched.

step-by-step explanation:

think about it. for the second plan, every month is 8 dollars. 8 x 12= 96. so thats the number for the second plan. now for the first plan, its annual meaning you have to pay 10 dollars every year. so now you have to get an equivalent amount of 86 since 96-10=86. 86 divided by 2 since every movie costs 2$ then you would have to watch 43 movies a year to get the same as the second plan. i really hoped this . have a wonderful day as well!

it 2

step-by-step explanation:

8^1/3=2