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Posted on Jul 24, 2024

Mike owed Jeff $ 3 5 0 six months ago and Mike also owed Julia $ 5 5 0 four months ago. If Mike wanted

Mike owed Jeff $

350

six months ago and

Mike also owed Julia $

550

four months ago.

If Mike wanted to repay both of these debts

today, determine the single payments that

would full repay the debts. Allow for simple

interest at

3 % .

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