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2. Determine the equated date at which two payments of $600 due four months ago and 8400 due today could be settled by a payment

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2. Determine the equated date at which two payments of $600 due four months ago and 8400 due today could be settled by a payment of $1,100, if interest is 7.25% compounded semi-annually. (5 marks) Show ALL your work even if you used a calculator. You MUST use the TI BA II calculator features to solve questions whenever possible. * DO NOT USE FORMULAS

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