1. You have two accounts receivable: the first within 2 months worth $500,000 and the second for $1,000,000 within 4 months. Simultaneously you have to pay off a debt with 3 payments of $500,000 each within 1.3.5 months. 
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3. Find the value of the balance (positive or negative) within 8 months, if the simple interest rate is 3.5% per month.

Answer rating: 100% (QA)

To find the balance within 8 months we need to calculate the interest earned on the two ac... View the full answer