Devin owes $14,000.00 to a friend who is charging him interest of 2.50% p.m. he is required

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Devin owes $14,000.00 to a friend who is charging him interest of 2.50% p.m. he is required to settle the amount with 2 equal payments, one immediately and the other in 3 months. Calculate the size of the payments using 3 months as the focal date.

Related Book For answer-question

Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Posted Date: May 08, 2020 05:55 AM

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Devin owes $14,000.00 to a friend who is charging him interest of 2.50% p.m. he is required

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Accounting concepts and applications

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