Find out the amount required to settle, Mathematics

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Find out the amount required to settle

James owes $500 in 3 years and $1000 in 8 years. But, James is unable to meet his $500 obligation at end of three years. By mutual agreement with the lender, James is allowed to pay off both obligations at the end of 6 years based upon a simple interest rate of 13.5%. Find out the amount required to settle the debts at the end of 6 years.

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Mathematics: Find out the amount required to settle

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Mathematics: Find out the amount required to settle

Reference No:- TGS0874706

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Recent Questions Asked Mathematics

Q : Determine expexted price

Q : Determine the types of differential equation

Q : Kinds of differential equations

Q : Determine the total factory overhead amount applied

Q : Find out the amount required to settle

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Ask an Expert for Answer!!

Mathematics: Find out the amount required to settle

Reference No:- TGS0874706

Recent Questions Asked Mathematics

Q : Determine expexted price

Q : Determine the types of differential equation

Q : Kinds of differential equations

Q : Determine the total factory overhead amount applied

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Q : Write a recurrence relation and initial conditions

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