Two amounts owing from the past were to be paid today. One debt was $620 from one

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Two amounts owing from the past were to be paid today. One debt was $620 from one year ago and the other was $925 from six months ago. Determine the single payment today that would fully repay the debts. Allow for simple interest at 12%.

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Introductory Classical Mechanics

ISBN: 978-0521876223

1st edition

Authors: David Morin

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Posted Date: Dec 19, 2020 01:13 PM

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Two amounts owing from the past were to be paid today. One debt was $620 from one

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Answer Annual rate of interest 12 Se... View the full answer

Introductory Classical Mechanics

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