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A person has a debt made up of the following payments: $ 22,000 from today to 2 months, $ 57,000 from today to 5 months
A person has a debt made up of the following payments: $ 22,000 from today to 2 months, $ 57,000 from today to 5 months and $ 90,000 from today to 7 months. You want to exchange these obligations for 4 payments, the first of which will be paid in month 4 representing 50% of the debt at the time and the rest of the debt must be paid in 3 equal and consecutive monthly installments starting from month 8. Consider a nominal interest rate = 24%/year with monthly capitalization. What is the value of the installments paid as of the 8th month?
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