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1. Someone should have paid you $4535 two and a half years ago, and yet another person has promised to settle a debt to you of $3009 in four years.You also should pay someone $2000 in three years time. What is your net worth today? Interest is 6.6%. Not a promissory note question.

2. HC issued a three month promissory note on 12 May 2013 for $4300 at 9%. It was sold to DT on 1 June 2013 at 6%. How much did DT pay for it?

3. Three debt payments are due as follows: $850 in three months, $9000 in four months and $1200 in six months. What single payment should be made two months from today to settle the debts? Interest is 7%. The focal date is two months from today. Not a promissory note question.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92826906

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