Two debts ---- the first of 800 due six months ago and the, Ask an Expert

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Two debts ---- the first of $800 due six months ago and the second of $1400 borrowed one year ago for a term of three years at 6.5% compounded annually ---- are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 7.5% compounded quarterly and the focal date is one year from now.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92341995

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