A loan payment of $1255 was due 42 days ago and another payment of $2744 is due 45 days from now. What single payment 90 days from now will pay off the two obligation if interest is to be 12% and the agreed focal date is 90 days from now?

A loan payment of $1255 was due 42 days ago and another payment of $2744 is due 45 days from now. What single payment 90 days from now will pay off the two obligation if interest is to be 12% and the agreed focal date is 90 days from now?

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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