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If money is worth (0.06, m = 4), what equal payments at the ends of the 2nd and 5th years, respectively, will discharge the following
If money is worth (0.06, m = 4), what equal payments at the ends of the 2nd and 5th years, respectively, will discharge the following obligations?
a) R2 000 due at the end of three (3) years with accumulated interest at (0.07, m = 2).
b) R1 000 due in eight and a half years
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