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hey guys jus need sum help? 1)an obligation of 2500 falls due at the end of 7 yrs. Find an equivalent debt at the end of 3 yrs, if the interest rate is 10% p.a. convertible monthly? This is in the text book..just dunno how to get the answer?? the anwer is 1678.58 2)How long will it take to...

hey guys im new to uni, and just a few questions i need help with? 1)an obligation of $1100 falls due at the end of 7 yrs. find an equivalent debt at the end of 5 yrs, if the interest rate is 11% p.a. convertible monthly? 2) a sum of $1600 is deposited today into an account earning interest...