Payments of $850 and $1140 were scheduled to be paid today and nine months from now, respectively.

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Payments of $850 and $1140 were scheduled to be paid today and nine months from now, respectively. What total payment today would place the payee in the same financial position as the scheduled payments? Money can earn 8 ¼ %.

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:06 AM

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Payments of $850 and $1140 were scheduled to be paid today and nine months from now, respectively.

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Business Mathematics In Canada

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