Question: Answer Mock Test 4 Score: 4/24 Answered: 7/16 Question 8 Debt payments of $4,560 and $6,660 are due in 5 months and 11 months, respectively.

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Mock Test 4 Score: 4/24 Answered: 7/16 Question 8 Debt payments of $4,560 and $6,660 are due in 5 months and 11 months, respectively. Assuming an interest rate of 9.5% p.a., determine a single equivalent payment today that settles the two payments? (Hint: use "today" as the focal date.) $ Question Help: B Written Example Check Answer Mostly cloudy Q Search OIL

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