$5000 due today but not paid and $3000 due in six months are to be replaced by...
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$5000 due today but not paid and $3000 due in six months are to be replaced by three equal payments in one, three, and five months from today. Find the equal payments if the interest rate is 6% p.a. Use five months from now as the focal date.
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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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