Payments of $1750 and $1600 are due four months from now and nine months from now respectively.

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Payments of $1750 and $1600 are due four months from now and nine months from now respectively. What single payment is required to pay off the two scheduled payments today if interest is 9% and the focal date is today?

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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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Question Posted: Feb 26, 2016 03:41 AM

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Payments of $1750 and $1600 are due four months from now and nine months from now respectively.

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Contemporary Business Mathematics with Canadian Applications

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