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A debt of $7854 is to be settled by two equal payments due in 3 months and 6 months respectively. Determine the amount of
A debt of $7854 is to be settled by two equal payments due in 3 months and 6 months respectively. Determine the amount of the equal payments if money is worth 4% compounded monthly and the focal date is today. Please express your answer to the nearest dollar. Sample input: 2456 for $2456.
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Investments An Introduction
Authors: Herbert B. Mayo
12th edition
1305638417, 978-1337430937, 1337430935, 978-1305638419
