A debt of $ 600 due within three years and another of $ 800 due in four
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A debt of $ 600 due within three years and another of $ 800 due in four years, will be settled by means of a payment within two years. If the interest rate is 8% Composed semi-annually, how much is the payment? Explain
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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