Two Obligations of $835 Each, Due 90 Days Ago and 35

question 63

Essay

Two obligations of $835 each, due 90 days ago and 35 days ago respectively, are to be settled by two equal payments to be made today and 65 days from now respectively. If interest allowed is 8.75% and the agreed focal date is today, what is the size of the equal payments?

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Definitions:

Static Training

An exercise method focusing on holding a position or muscle contraction for a period of time without movement to improve strength and endurance.

Dynamic Training

A form of exercise that involves moving parts of the body through their full range of motion with or without weights.

Concentric Contraction

A type of muscle contraction where the muscle shortens while generating force, typically the upward movement in a bicep curl.

Muscle Strength

The ability of a muscle or group of muscles to exert force against resistance.