1 . Jordan is involved in debt consolidation after his lawn care business failed. He was previously...
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Question:
Jordan is involved in debt consolidation after his lawn care business failed. He was previously scheduled to pay three payments on his financed lawn care equipment of $ in and months from today. During debt consolidation, the debt counsellor has arranged for Jordan to make a payment of $ in year and a final payment in months. Determine the value of the final payment Jordan's counsellor negotiated with his lender if interest is pa simple interest. Use a focal date of months.
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