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Q5: In questions 5a & 5b compute equivalent or dated values CLR 8 L9 Obj. 5 for specified focal dates Marks 5a: A loan payment
Q5: In questions 5a & 5b compute equivalent or dated values CLR 8 L9 Obj. 5 for specified focal dates Marks 5a: A loan payment of $1700 was due 60 days ago, and another payment of $1200 is due 45 days from now. What single payment 90 days from now will pay off the two obligation if interest is to be 14% and the agreed focal date is 90 days from now? Total 3 3 1
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