Essay
Debt payments of $800.00 due now and $1400.00 due in five months are to be repaid by a payment of $1000.00 in three months and a final payment in eight months. Calculate the size of the final payment if interest is 6%.
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Use 8 months as the focal date...View Answer
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Correct Answer:
Verified
Use 8 months as the focal date...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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