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Home Q & A Board Science-Related Homework Help Mathematics
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Anthonyling Anthonyling
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10 months ago
Paula is unable to make a $4500 payment due today. She proposes to settle the obligation by making two equal payments—one in four months and a second in nine months. What must each payment be to make the proposed payment stream equivalent to the scheduled payment if money can earn 3.2% compounded monthly?

▸ $2,452.80

▸ $2,852.80

▸ $2,492.80

▸ $1,452.80

▸ $3,452.80
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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naj2008hnaj2008h
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10 months ago
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Anthonyling Author
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jcarter
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