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What single payment days from now will pay off

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Question 1: A loan payment of ?$1100.00 was due 40 days ago and another payment of ?$700.00 is due 80 days from now. What single payment 120 days from now will pay off the two obligations if interest is to be 2?% and the agreed focal date is 120 days from? now?

Reference no: EM132560210

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