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12) Debt payments of $600 in two months and $800 in five months are schedule to be due. If interest at 6,2% is to be

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12) Debt payments of $600 in two months and $800 in five months are schedule to be due. If interest at 6,2% is to be allowed a) What single payment today is required to settle the two scheduled payments? (4 marks) b) What single payment in 6 months from today is required to settle the two scheduled payments? (4 marks)

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