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3. Calculate the single equivalent payment at the focal date in 115 days and simple interest of 20%. ans =$2934.8 $1725 due today, $500 due

3. Calculate the single equivalent payment at the focal date in 115 days and simple interest of 20%. ans =$2934.8 $1725 due today, $500 due in 75 days, $650 due in 300 days

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