Find the equated date at which two payments of $600 due four months ago and $400 due

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Find the equated date at which two payments of $600 due four months ago and $400 due today could be settled by a payment of $1100, if interest is 7.25% compounded semi- annually.

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:53 AM

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Find the equated date at which two payments of $600 due four months ago and $400 due

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Let the focal date be today I Y 725 C Y 2 i 3625 003625 60000 103625 06 40000 11000...View the full answer

Contemporary Business Mathematics with Canadian Applications

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