Determine x using a focal date 8 months from now at simple


Mr. A borrows $2000 now and $3000 in 4 months. He agrees to pay $X in 6 months and $2X in 8 months (from now). Determine X using a focal date 8 months from now at simple interest rate r = 12%.

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Finance Basics: Determine x using a focal date 8 months from now at simple
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