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What is the size of the equal payments

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Two debts, one of $4000 due in three months with interest at 8% and the other of $3000 due in eighteen months with interest at 10% are to be discharged by making two equal payments. What is the size of the equal payments if the first is due one year from now, the second is due two years from now, money is worth 12%, and the chosen focal date is one year from now?

Reference no: EM133014874

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