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Trey4sho Trey4sho
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2 years ago
Teresita has three financial obligations to the same person: $2700 due in 1 year, $1900 due in 1½ years, and $1100 due in 3 years. She wishes to settle the obligations with a single payment in 2¼ years, when her inheritance will be released from her mother's estate. What amount should the creditor accept if money can earn 6% compounded quarterly?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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SaharakSaharak
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Anonymous
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Help! The answer is missing an explanation...
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