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Posted on Oct 03, 2024

What payment today is equivalent to a $ 1 , 6 5 0 payment 8 months from now if money can earn 1 1 .

What payment today is equivalent to a $

1, 650

payment

8

months from now if money can earn

11.75 %

interest? For full marks your answer

(

)

should be rounded to the nearest cent.

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