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Posted on Jul 30, 2024

That's the first of $ 1 6 0 0 to 9 months months ago and second of $ 1 2 0 0 borrowed one year

That's the first of $

1600

9

months months ago and second of $

1200

borrowed one year ago for a term of three years at

9.1 %

compounded annually are to be replaced by a single payment one year from now determine the size of the replacement payment of interest as eight point one person compounded quarterly and focal date is one year from now

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