Debt payments of $2130.00 and $1794.00 are due five months from now and nine months from now respectively. What single payment is required to pay off the debt today if interest is 6.36%? (simple interest) O $ 3747.40 O $ 3787.33 O $ 3718.60 O $3712.90

Debt payments of $2130.00 and $1794.00 are due five months from now and nine months from now respectively. What single payment is required to pay off the debt today if interest is 6.36%? (simple interest) O $ 3747.40 O $ 3787.33 O $ 3718.60 O $3712.90

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Solve this early I upvote.

Solve type or handwriting but not in excel

Debt payments of $2130.00 and $1794.00 are due five months from now and
nine months from now respectively. What single payment is required to pay off
the debt today if interest is 6.36%? (simple interest)
O $ 3747.40
O $ 3787.33
O $ 3718.60
O $3712.90

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