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You have two accounts receivable: the first within 2 months worth $500,000 and the second for $1,000,000 within 4 months. Simultaneously you have to pay
- You have two accounts receivable: the first within 2 months worth $500,000 and the second for $1,000,000 within 4 months. Simultaneously you have to pay off a debt with 3 payments of $500,000 each within 1.3.5 months.
- Find the value of the balance (positive or negative) within 8 months, if the simple interest rate is 3.5% per month.
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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
