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A debt of $ 3'350.000, maturing in 20 months, and another of $X maturing in 28 months with an interest of 28%, are to be
A debt of $ 3'350.000, maturing in 20 months, and another of $X maturing in 28 months with an interest of 28%, are to be paid in three equal payments of $ 850.000 each, maturing in months 12, 18, and 26 respectively. Determine the value of $X, if the interest rate is 32%, and place the focal date in month 15. It is within the topics of simple interest, compound interest, and value equation. Please make it step by step and understandable, as understandable as possible and I will gladly leave my like.
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