Question
10. Today, 2 debts of $4,000 and $9,000 are contracted to be paid in 2 and 5 months, at a simple interest rate of 30%.
10. Today, 2 debts of $4,000 and $9,000 are contracted to be paid in 2 and 5 months, at a simple interest rate of 30%. After a month, it is agreed to change the form of payments and it is decided to replace them with two equal payments at 3 and 6 months from the restructuring date, at a compound interest rate of 32% per year. How much are the payments worth? 11. A furniture store, for a bedroom worth $7,200, asks to be paid $8,600 after 3 months. If that same furniture store has a living room whose price is $5,600, and offers a financing plan with payments equal to 2 and 5 months, how much should the payments be, if said furniture store charges the same interest for all its financing plans?
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