$1800 due two months ago and $700 due in three months are to be repaid by a...
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$1800 due two months ago and $700 due in three months are to be repaid by a payment of $1500 today and the balance payment in four months. Calculate the balance if the interest rate is 6% p.a. and the agreed focal date is four months from now.
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Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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