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Someone owes today 1000, which they have to pay in one year with an interest rate of 6%. He wants to pay off his debt
Someone owes today 1000, which they have to pay in one year with an interest rate of 6%. He wants to pay off his debt with two equal payments in 3 and 9 months from today. What will be the size of each installment, if the interest rate is 6% and one year from today is taken as the equivalence period?
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