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Sarah owes the bank $ 3000 now and \$5000 in 5 years . They reach an agreement that both amounts can be paid by a single

Posted: Thu Apr 28, 2022 1:56 pm
by answerhappygod
Sarah owes the bank $ 3000 now and \$5000 in 5 years . They
reach an agreement that both amounts can be paid by a single
payment 3 years from now . What is this single payment , if simple
interest is 11 % and the focal date is 3 years from now ? PSPAN