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A loan payment of $1500.00 was due 40 days ago and another payment of $800.00 is due 70 days from now. What single payment 130
A loan payment of $1500.00 was due 40 days ago and another payment of $800.00 is due 70 days from now. What single payment 130 days from now will pay off the two obligations if interest is to be 5% and the agreed focal date is 130 days from now? The value of the payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Mac's credit card statement included $1788.00 in cash advances and $148.62 in interest charges. The interest rate on the statement was 93% p.a. For how many days was Mac charged interest? The number of days required is (Round up the final answer to the nearest day as needed. Round all intermediate values to six decimal places as needed.)
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