Determine the date on which she must settle a debt

Reference no: EM13202355

Your aunt has asked you to help her determine the date on which she must settle a debt. She borrowed $4500 on July 1, 2009, and $7500 on June 1, 2010, from the same lender. The interest rate is 3.24 percent compounded semiannually and the single final payment will be $13,149.82. Determine the due date.

Reference no: EM13202355

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