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Unanswered Question 16 Not yet marked/ 1 pts Treasury Wine Estates Limited (TWE) have purchased new equipment at a cost of $15 million. The purchase

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Unanswered Question 16 Not yet marked/ 1 pts Treasury Wine Estates Limited (TWE) have purchased new equipment at a cost of $15 million. The purchase is financed entirely with a term loan from Macquarie Bank with interest charged at 9% p.a. compounding monthly. TWE agree to pay S4 million in two months' time, SX in nine months' time and $7 million in a year and a half. Find $X given these three payments completely repay the loan [3 marks] Your

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