Debt obligations of $500.00 due on April 27, 2022, and $1625.00 due on September 30, 2022, are
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Debt obligations of $500.00 due on April 27, 2022, and $1625.00 due on September 30, 2022, are to be repaid by a payment of $1200.00 on July 6, 2022, and the balance on January 15, 2023. What is the size of the final payment if interest is 6.25% and the agreed focal date is September 30, 2022?
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The size of the final payment is 215938 Explanation The final payment i...View the full answer
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Related Book For 
Contemporary Business Mathematics With Canadian Applications
ISBN: 9780135285015
12th Edition
Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday
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