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it is pm Example 3. Equivalent payments. We have a debt of $3000 that...

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Finance

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it is pm
Example 3. Equivalent payments. We have a debt of $3000 that was to be paid today. Instead we reschedule to repay it in three equal payments: one made 30 days from now, one 60 days from now, and one 120 days from now. The focal date is today and interest is at 5.75%. What is the equal payment to be made

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