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    Exam 6: Simple Interest
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    What Is the Equivalent Value, 30 Days from Now, of a Payment
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What Is the Equivalent Value, 30 Days from Now, of a Payment

Question 67

Question 67

Short Answer

What is the equivalent value, 30 days from now, of a payment stream comprised of $2500 due in 70 days and $4000 due in 200 days? Assume money can earn 6¼ %.

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