Paul had to pay his friend $85000 that was due 2 months ago and $33000 in 2

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Paul had to pay his friend $85000 that was due 2 months ago and $33000 in 2 months if his friend was charging him an interest rate of 150 pm, what single payment now would settle both payments choose 'today' as the focal date?

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Posted Date: Oct 17, 2020 11:19 PM

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Paul had to pay his friend $85000 that was due 2 months ago and $33000 in 2

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Pays Due For for end 33000 intere o... View the full answer

Engineering economy

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