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Dashboard / My courses / QMI 1 5 0 0 - 2 4 - EX 0 6 A / Welcome Message Group A / QMI
Dashboard My courses QMIEXA Welcome Message Group A QMIExam MayJune
A debt of is due in three years' time. The creditor gives permission to discharge the debt by receiving a payment of in two years' time and a final payment of in seven years' time. The interest rate charged on all amounts is per year, compounded quarterly. You can indicate the amounts on the following timeline to assist you in visualising the problem:
Interest is compounded quarterly:
The payment, to the nearest rand, which should be made at the end of the seventh year in order to liquidate the debt, is
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