$4500 due three months ago but not paid and $2500 due in three months are to be...

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$4500 due three months ago but not paid and $2500 due in three months are to be replaced by a payment of $3000 in one month from now and two equal payments in two and four months from now. Find the equal payments if the interest rate is 4% p.a. Use today as the focal date.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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