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A loan payment of $1000.00 was due 10 days ago and another payment of $800.00 is due 50 days from now. What single payment
A loan payment of $1000.00 was due 10 days ago and another payment of $800.00 is due 50 days from now. What single payment 120 days from now will pay off the two obligations if interest is to be 3% and the agreed focal date is 120 days from now? The value of the payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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1000 was due to days ago but haid 120 days from So 10 120 130 days rate ...
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
