Trisha had to pay her friend $800 that was due two months ago and $200 in two

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Trisha had to pay her friend $800 that was due two months ago and $200 in two months. If her friend was charging her an interest rate of 1.1% p.m., what single payment now would settle both payments? Choose 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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