Asked by melon
Debts of $500 due two months ago and $900 due in nine months are to be settled by two equal payments, one at the end of three months and another at the end of six months. Find the size of the payment using
a) the present as the focal date,
b) the end of six months as the focal date
a) the present as the focal date,
b) the end of six months as the focal date
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