<PRE><B>Question 1173636</B>
.
Kathleen has a $610 loan payment due in eight months. What amount of money 
should she be able to pay today if the interest on her loan is 3.75% per annum?

Equivalent amount =?
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The problem is worded incorrectly, &amp;nbsp;since it does not define the notion/conception &amp;nbsp;&quot; today &quot; &amp;nbsp;on the timeline.


To be correct, &amp;nbsp;the problem, &amp;nbsp;in traditional formulation, &amp;nbsp;should ask


  &amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;What amount of money should she pay at the maturity day of the loan ?


As the problem is presented in the post, &amp;nbsp;it makes it clear 
to me &amp;nbsp;(and to anyone) &amp;nbsp;that its composer is unprofessional &amp;nbsp;Math writer.



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