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Posted on Oct 04, 2024

What payment 3 months from now is equivalent to a $ 1 , 4 5 0 payment today if money can earn 1 3 .

What payment

3

months from now is equivalent to a $

1, 450

payment today if money can earn

13.2 %

interest? For full marks your answer

(

)

should be rounded to the nearest cent.

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