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Tara had to make payments of $2,650.00 and $2,200.00 in 11 months and 19 months, respectively, to a raw material supplier. What single payment in
Tara had to make payments of $2,650.00 and $2,200.00 in 11 months and 19 months, respectively, to a raw material supplier. What single payment in 3 months would settle both these payments? Assume a simple interest rate of 4.80% p.a. and use 3 months 4 from now as the focal date. O $2,567.83 O $2,067.67 O $500.16 Question 9 of 12 O $4,635.50
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