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What will have enough to pay off debts

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Problem 1: Carlos has 2 debts: one for $25,730 to be paid in 14 months, and another for $39,675 to be paid in 18 months. Carlos wants to pay his debts now, because he has just received $50,000 from the savings fund of the company where he works. If the value of the money is 1.82% per month compounded every two months, will he have enough to pay off his debts?

Reference no: EM132933254

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