Easily Replace Value Choice to the Payment Guaranty

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How to Replace Value Choice to the Payment Guaranty

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hello students in this video i will be solving two problems related to equivalent values the first problem say this scheduled payments of a thousand dollars due in nine months and 1200 dollars due in 18 months are to be replaced by a single payment three years from now determine the size of the replacement payment if money is worth 8.8 percent compounded quarterly so the first thing that im going to take into account is the interest so we have an interest that is a equal to 8.8 percent and besides this nominal rate of interest we know that this compound quarterly so n equals four there are four compound periods in a year of course i need to think in the time of one point at the beginning that is at this moment of time now and then i can start reading and try to understand the problem for example a scheduled payment of one thousands due in nine months so there is a thousands that is scheduled to be paid in nine months so im going to type here one thousand and this is nine months from

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What are three contracts of guarantee?

It defines a contract of guarantees a contract to perform the promise or discharge the liability of a third person in case of his default. The person who gives the guarantee is called surety. The person of whose default the guarantee is given is called the Principal debtor.

What are the types of bank guarantee?

Main types of bank guarantees Guarantee of payment. Guarantees of advance payment return. Contract execution guarantee. Tender guarantees. Guarantee in favor of the customs authorities. Guarantees of warranty execution. Guarantee of credit return.

What does guaranty of payment and not of collection mean?

Put another way, a guaranty of collection requires that the debtor must exhaust certain remedies against the debtor before proceeding against the guarantor, while a guaranty of payment means that the lender can proceed directly against the guarantor even if the debtor is solvent and otherwise able to pay.

What is a payment guaranty?

What is a Guaranty Of Payment? A guaranty of payment is a document that guarantees the person who signs it will pay any debts or liabilities incurred by another party. For example, this agreement can be helpful when a seller needs financial assurance from a buyer.

What are the types of guarantee?

Types of Guarantee- There are two sorts of guarantee contracts: specific guarantee and ongoing guarantee.

What is something of value used as guarantee?

Simply put, the word collateral is something of value given as a guarantee to obtain something else. For instance, a borrower may offer their car as a collateral to a lender when taking out a loan. The vehicle acts as a safeguard or warranty in case the borrower fails to pay their debts.

What are the guarantees of contracts?

An agreement by a third party to be responsible for the performance of a contracting party. There are three major types of contract guarantee: tender bonds, performance guarantees, and repayment guarantees.

What are the three 3 types of guarantees?

Retrospective guarantee It is a guarantee issued when the debt is already outstanding. Prospective guarantee Given in regard to a future debt. Specific guarantee Also known as a simple guarantee, its a type that is used when dealing with a single transaction, and therefore a single debt.

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