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Solve in digital format step by step Company XY has a debt with Bank Z of $ 200,000 that matures in four years, and bears
Solve in digital format step by step
Company XY has a debt with Bank Z of $ 200,000 that matures in four years, and bears annual interest of 5% per year, and another of $ 150,000, to be paid in two years, which originates semiannual interest flows to 6% per year. The debtor and creditor company have agreed to exchange this debt for another, consisting of three equal payments, one, two and three years respectively. How much will these three payments be if the applicable interest rate is 8% per annum, compounded semi-annually?
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