What is the value of the fees

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Reference no: EM132768043

Question - Finance two obligations: one for $ 2,300,000 today and another for $ 1,700,000 after 15 months, both with an annual interest of 29%, for the equivalent in 20 equal monthly installments and an interest of 2.3% monthly for the first year and 30.5% per year thereafter, knowing that the first of these uniform installments will be paid within three months. What is the value of the fees?

Reference no: EM132768043

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