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Debt Payments of $1610

question 122

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Debt payments of $1610.00 due today, $725.00 due in 101 days and $670.00 due in 296 days respectively are to be combined into a single payment to be made 170 days from now. What is that single payment, if money is worth 9.5% p.a. and the agreed focal date is 170 days from now?

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Definitions:

Guiding Coalition

A group of influential individuals within an organization who work together to support and promote change initiatives and strategic directions.

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