Jessica should have made two payments of $800 each. The first was due 60 days ago and

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Jessica should have made two payments of $800 each. The first was due 60 days ago and the second payment was due 30 days ago. The two original scheduled payments are to be settled by two equal payments to be made today and 60 days from now. If interest allowed is 7.25% and the agreed focal date is today, what is the size of the equal payments?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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