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Equivalent values, Algebra
two debts- the first of 800 is due six month ago and the second of 1400 borrowed one year ago for a term of three years at 6.5% compunded annulallu are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 7.5% compounded quartly and the focal date is one year from now.
Posted Date: 9/22/2012 12:19:57 AM | Location : United States
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