A company owes the bank $ 270,000 with a maturity of 10 months and $ 510,000 with

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A company owes the bank $ 270,000 with a maturity of 10 months and $ 510,000 with a maturity of 20 months. You want to settle the debt by a single payment equal to the sum of the amounts owed. On what date should you pay if the interest rate is 2.38% per month with quarterly capitalization?

Posted Date: May 18, 2024 04:06 PM

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A company owes the bank $ 270,000 with a maturity of 10 months and $ 510,000 with

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