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You owe $1,000 at 9 months and another $2,440.07 at 27 months. Your creditor has agreed to let you settle BOTH debts at 15 months
You owe $1,000 at 9 months and another $2,440.07 at 27 months. Your creditor has agreed to let you settle BOTH debts at 15 months and will use a 6% (SA). Using a Focal Point and a Settlement Date at 15 months, what is the cash payment?
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College Accounting A Practical Approach
Authors: Jeffrey Slater, Brian Zwicker
11th Canadian Edition
132564440, 978-0132564441
