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majarm majarm
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Posts: 406
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6 years ago
Debt payments of $2130.00 and $1794.00 are due five months from now and nine months from now respectively. What single payment is required to pay off the debt today if interest is 6.36%?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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Answer rejected by topic starter
wrote...
6 years ago
The size of the single payment is $3787.33.
wrote...
6 years ago
thats not even accounting for interest
Answer verified by a subject expert
bio_manbio_man
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6 years ago
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wrote...
4 years ago
good site
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Educator
4 years ago
good site

Thanks, let me know if you have any other questions
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3 years ago
Thanks
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3 years ago
thank you
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