Loan payments of $4000 due 200 days ago and $6000 due 63 days ago are to be

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Loan payments of $4000 due 200 days ago and $6000 due 63 days ago are to be replaced by a payment of $5000 today and the balance 92 days from today. If money is worth 8.3% and the agreed focal date is 92 days from today, what is the size of the final payment?
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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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