Debt payments are due of $700 in two months and $800 in five months. If interest at

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Debt payments are due of $700 in two months and $800 in five months. If interest at 8.3% is allowed, what single payment today is required to settle the two scheduled payments?
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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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