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(Solved): What equal amounts must be paid six months from now, and one year from now to settle an original deb ...



What equal amounts must be paid six months from now, and one year from now to settle an original debt of $2250 due six months ago? Money can earn interest at a rate of 7.2% compounded monthly. (7 marks) Include a detailed timeline diagram.


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To determine the equal amounts that must be paid six months from now and one year from now to settle...
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