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What is the size of the equal payments

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Jessica should have made two payments of $800 each. The first was due 60 days ago and the second payment was due 30 days ago. The two original scheduled payments are to be settled by two equal payments to be made today and 60 days from now. If interest allowed is 7.25% and the agreed focal date is today, what is the size of the equal payments?

Reference no: EM132844694

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