You are given two options to settle a loan. Option A: $750 now and $1250 in nine
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You are given two options to settle a loan. Option A: $750 now and $1250 in nine months. Option B: $1000 in three months and the balance in one year. If money earns 4.8% p.a. simple interest, calculate the payment required in one year under Option B. Use one year 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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