Fred must pay a $25,000 obligation one year from now. What end-of-month payments for twelve months would

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Fred must pay a $25,000 obligation one year from now. What end-of-month payments for twelve months would put the creditor in an equivalent financial position if the creditor can earn 9% compounded monthly?

Posted Date: May 17, 2024 05:10 PM

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Fred must pay a $25,000 obligation one year from now. What end-of-month payments for twelve months would

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