Two Debt Payments, the First in the Amount of $1600

question 2

Essay

Two debt payments, the first in the amount of $1600.00 due today, and the second in the amount of $7200.00 due in 15 months with interest at 9.6% p.a. compounded quarterly, are to be settled by a payment of $3400.00 nine months from now and a final payment in 21 months. Determine the size of the final payment if the money is worth 12.12% p.a. compounded monthly.

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Definitions:

Inhibitory Neurotransmitter

A type of neurotransmitter that decreases the likelihood of the neuron it acts upon to fire an action potential, thus inhibiting neural activity.

Brain

The organ located in the skull that controls thought, memory, emotion, touch, motor skills, vision, breathing, temperature, hunger, and every process that regulates our body.

Thalamus

A vital structure located in the center of the brain that acts as a relay station for sensory and motor signals to the cerebral cortex, playing a key role in regulating consciousness, sleep, and alertness.

Sensory Messages

Information received from the environment through the senses, which is then processed by the brain to form perceptions.