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Christopher was supposed to pay Mark $4,3006 months ago and $2,120 in 5 months. If he wants to repay this amount with two payments of
Christopher was supposed to pay Mark
$4,3006 months ago and
$2,120 in 5 months. If he wants to repay this amount with two payments of
$3,600 today and the balance amount in 3 months, calculate the balance amount. Assume interest is
4.60% p.a. and the agreed focal date is 3 months from now.\ Round to the nearest cent.
Christopher was supposed to pay Mark
$4,3006months ago and
$2,120in 5 months. If he wants to repay this amount with two payments of
$3,600today and the balance amount in 3 months, calculate the balance amount. Assume interest is
4.60%p.a. and the agreed focal date is 3 months from now.\ Round to the nearest cent.
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