Question
Debt payments of $700$700 in two months and $800$800 in five months are scheduled to be due. If interest at 8.3% is allowed, what single
Debt payments of $700$700 in two months and $800$800 in five months are scheduled to be due. If interest at 8.3% is allowed, what single payment today is required to settle the two scheduled payments?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th International Edition
1259094901, 9781259094903
