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A Contract Requires Payments of $1,500, $2,000, and $1,000 in 100

Question 89

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A contract requires payments of $1,500, $2,000, and $1,000 in 100, 150, and 200 days, respectively, from today. What is the value of the contract today if the payments are discounted to yield a 3.5% simple interest rate of return?

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