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loan in the amount of $1800 is to be settled by two equal payments due in 5 months and 9 months. What is the value

loan in the amount of $1800 is to be settled by two equal payments due in 5 months and 9 months. What is the value of the two equal payments if money is worth 5.8% and the focal date is today?

Select one:

a. $939.15

b. $929.45

c. $921.75

d. $930.37

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