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How much should mr shariq pay at the end of six years

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Problem 1: Mr. Shariq owes Mr. Farooq Rs. 7000 due in 5 years and Rs. 15,000 in 7 ½ years. How much should Mr. Shariq pay at the end of 6 years which may be acceptable to Mr. Farooq if money is worth 8% compounded semi-annually?

Reference no: EM132767517

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