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answer asap 3. A loan payment of $8,550 was due 45 days ago and a payment of $6000 is due in 40 days. What single
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3. A loan payment of $8,550 was due 45 days ago and a payment of $6000 is due in 40 days. What single payment made 30 days from now is required to settle the two payments if interest is 4% and the agreed focal date 30 days from now. marks] [10 4. Debts of $900 due 2 months ago and $6000 due today are to be paid by payments of $500 in two months and a final payment in five months. If 9% interest is allowed and the focal date is 5 months from now, what is the size of the final payment? [10 marks] Step by Step Solution
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