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ActSci Mathematics of Finance Equations of Value 9. A person borrows $1000 to be repaid with two equal instalments, one in 6 months, the other

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ActSci Mathematics of Finance Equations of Value

9. A person borrows $1000 to be repaid with two equal instalments, one in 6 months, the other at the end of 1 year. What will be the size of these payments if the interest rate if 8% and the focal date is 1 year hence? What if the focal date is today

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