An obligation of $10 000 is to be repaid by equal payments due in 90 days and

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An obligation of $10 000 is to be repaid by equal payments due in 90 days and 180 days. What is the amount of the equal payments if money is worth 6.5% and the focal date is today?
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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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