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Sinclair's Soccer Academy owes $19,000.00 at 8% c.s.a. for 4 years. Six months before the debt is due, the debt is commuted into a payment
Sinclair's Soccer Academy owes $19,000.00 at 8% c.s.a. for 4 years. Six months before the debt is due, the debt is commuted into a payment of $X due in 1 year and a payment of $10,000.00 due in 2 years. The new interest rate is set at 9% c.s.a. Calculate $X. Paragraph BIU
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Handbook Of Recent Advances In Commodity And Financial Modeling
Authors: Giorgio Consigli, Silvana Stefani, Giovanni Zambruno
1st Edition
3319613189, 978-3319613185
