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Courtney is required to pay Phillip $7,500 today but she wishes to postpone the payment for 90 days. What amount should Phillip be willing to
Courtney is required to pay Phillip $7,500 today but she wishes to postpone the payment for 90 days. What amount should Phillip be willing to accept from Courtney in 90 days if he can earn 4.25% p.a. simple interest on his money? Round to the nearest cent
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