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Elizabeth owes debts of $17,000 due 1 year 6 months ago (but not paid) and $23,000 due in 3 years 6 months. Both debts earn
Elizabeth owes debts of $17,000 due 1 year 6 months ago (but not paid) and $23,000 due in 3 years 6 months. Both debts earn 4.70% compounded semi-annually. Elizabeth has been given the option to settle these debts by paying $25,000 in 3 years and a second payment in 4 years. Calculate the size of the second payment
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AQA AS Accounting Unit 2 Financial And Management Accounting
Authors: Brendan Casey
1st Edition
1500684260?, 978-1500684266
