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Business, 06.02.2021 04:40 sindy35111

Luis has an obligation to pay a sum of $3,000 in four years from now and a sum of $5,000 in six years from now. His creditor permits him to discharge these debts by paying $X in two years from now, $1000 in three years from now, and a final payment of $2X in nine years from now. Assuming an annual effective rate of interest of 8%, find X

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Luis has an obligation to pay a sum of $3,000 in four years from now and a sum of $5,000 in six year...
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