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Two scheduled debt payments of $266 each are due two months and ten months from now respectively. If interest at 8% is allowed, what single
Two scheduled debt payments of $266 each are due two months and ten months from now respectively. If interest at 8% is allowed, what single payment today is required to settle the two scheduled payments? The single payment required to settle the two scheduled payments is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) A loan of $3420 can be repaid in 135 days by paying the principal sum borrowed plus $95 interest. What was the rate of interest charged? The interest rate is %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) Determine the present value of a debt of $3000 due in nine months if interest at 8.3 % is allowed. 185 The present value is $1 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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