Saburi had to pay her landlord a payment of $750 that was due two months ago and

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Saburi had to pay her landlord a payment of $750 that was due two months ago and another payment of $1250 in eight months. What single payment in three months will settle the amount that she owes the landlord, if the interest rate is 9% p.a.? Use three months from now 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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