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Posted on Jul 29, 2024

Payments of $ 1 7 5 0 and $ 1 6 0 0 are due four months from now and nine months from now respectively.

Payments of

1750

and

1600

are due four months from now and nine months from now respectively. What single payment is required to pay off the two scheduled payments today if interest is

9 %

and the focal date is

today?

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