Question: Answer lock Test 4 core: 0/24 Answered: 0/16 Question 1 A loan payment of $1,240 was due 160 days ago and another payment of $1,

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lock Test 4 core: 0/24 Answered: 0/16 Question 1 A loan payment of $1,240 was due 160 days ago and another payment of $1, 190 is due in 170 days. Assuming an interest rate of 4.15% p.a., what single payment in 55 days is required to settle the two payments? (Hint: use 55 days from now as the focal date.) $ Question Help: G Written Example Check Answer 34 F cloudy Q Search OIL

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