What single payment, 45 days from now, is economically equivalent to the combination of three payments of

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What single payment, 45 days from now, is economically equivalent to the combination of three payments of $1750 each: one due 75 days ago, the second due today, and the third due in 75 days? Money is worth 9.9% per annum.

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:05 AM

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What single payment, 45 days from now, is economically equivalent to the combination of three payments of

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Business Mathematics In Canada

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