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please solve thease 2 question 6) Scheduled payments of $500 in 100 days and $800 in 200 days are instead to be paid in a
please solve thease 2 question
6) Scheduled payments of $500 in 100 days and $800 in 200 days are instead to be paid in a single payment today. If interest at 6% is allowed, what single payment today is required to settle the two debts? (Draw the picture first!) (6) 3) To finance the development of a new computer screen, Hobart Inc. borrowed $40 000 at 6% compounded monthly. If the loan is to be repaid in equal quarterly payments over eight years, what is the size of the quarterly payment? (6) Step by Step Solution
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