A payment of $4500 was due three years ago and another payment of $2750 is due in
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A payment of $4500 was due three years ago and another payment of $2750 is due in four years. Determine the single payment that will settle both payments in two years. Assume an interest rate of 13.2% p.a. and use two years 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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