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Find what amount should judge order markus to pay today

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Reference no: EM132883000

Problem 1: Markus failed to make three payments of $2,500 scheduled one year ago, nine months ago, and six months ago. As his creditor has successfully sued Markus in small claims court, the judge orders him to pay his debts. If the court uses a simple interest rate of 1.5% per month, what amount should the judge order Markus to pay today?

Reference no: EM132883000

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