You owe $1,000 at 9 months and another $2,440.07 at 27 months. Your creditor has agreed to

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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 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

ISBN: 978-0132564441

11th Canadian Edition

Authors: Jeffrey Slater, Brian Zwicker

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Posted Date: Oct 04, 2020 06:46 AM

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You owe $1,000 at 9 months and another $2,440.07 at 27 months. Your creditor has agreed to

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You owe 1000 at 9 months and another 244007 at 27 mo... View the full answer

College Accounting A Practical Approach

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