Mirza Industries was supposed to receive payments of $10,000 two years ago and $20,000 one year ago

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Mirza Industries was supposed to receive payments of $10,000 two years ago and $20,000 one year ago from a customer who could not make either payment as scheduled. If the customer would like to settle both payments today, what total amount would he have to pay Mirza Industries if an interest of 8% compounded daily is charged?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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