CSL Ltd has debts of $45,000 due in two years' time and $230.000 due in seven years'

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CSL Ltd has debts of $45,000 due in two years' time and $230.000 due in seven years' time. Given aninterest rate of 6.12% p.a. compounding monthly.

What single payment five years from today would extinguishboth obligations?

Related Book For answer-question

International Financial Reporting and Analysis

ISBN: 978-1408075012

5th edition

Authors: David Alexander, Anne Britton, Ann Jorissen

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Posted Date: May 20, 2023 06:44 AM

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CSL Ltd has debts of $45,000 due in two years' time and $230.000 due in seven years'

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SOLUTION To find the single payment that would extinguish both obligations we need to find the prese... View the full answer

International Financial Reporting and Analysis

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