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wilcoxj49 wilcoxj49
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11 months ago
Payments of $1300 due five months ago and $1800 due three months from now are to be replaced by a single payment at a focal date one month from now. What is the size of the replacement payment that would be equivalent to the two scheduled payments if money can earn 4½%?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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pipi123pipi123
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11 months ago
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Anonymous
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2 months ago
Help! The answer is missing an explanation...
Anonymous
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#3
2 months ago
Here's my full solution!

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