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note: j_m is the nominal rate of interest compounding m times per year [10] If money is worth ji = 8%, what single sum of

image text in transcribed note: j_m is the nominal rate of interest compounding m times per year

[10] If money is worth ji = 8%, what single sum of money payable at the end of 2 years will equitably replace $1000 due today plus a $2000 debt due at the end of 4 years with interest at 12% per annum compounded semi-annually

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