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Question 14 1.5 / 3 points A loan agreement originally called for two payments. The first payment of $10,000 was due one year ago and
Question 14 1.5 / 3 points A loan agreement originally called for two payments. The first payment of $10,000 was due one year ago and a second payment of $5,000 was due one year from now. The first payment was missed and the parties agreed to a new deal which would replace the original deal. The new deal calls for two equal payments, one today and the second in two years. Calculate the size of each of the new payments using a compound interest rate of 312-6%. Answers 7,681.17 X (8,121.25)
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