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Lionel had to make a payment of $2,500 in 12 months and $2,150 in 16 months, to a raw material supplier. What single payment in
Lionel had to make a payment of $2,500 in 12 months and $2,150 in 16 months, to a raw material supplier. What single payment in 4 months would settle both these payments? Assume a simple interest rate of 4.50% p.a. and use 4 months from now as the focal date
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