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1 3. Determine the equivalent payment for the given debt. No. Debts Equiv. Payments Focal Date Rate $1200 due in 80 days In full Today

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1 3. Determine the equivalent payment for the given debt. No. Debts Equiv. Payments Focal Date Rate $1200 due in 80 days In full Today 12% 2 $100 due in 6 months and In full Today 6% $150 due in 1 year In the following few questions we use jm for the nominal (yearly) interest rate that is com- pounded m times a year

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