Two Obligations of $835 Each, Due 90 Days Ago and 35

question 63

Essay

Two obligations of $835 each, due 90 days ago and 35 days ago respectively, are to be settled by two equal payments to be made today and 65 days from now respectively. If interest allowed is 8.75% and the agreed focal date is today, what is the size of the equal payments?

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Definitions:

Standpoint

A perspective or point of view arising from personal experiences, social position, or cultural background.

Circumstance

The conditions or facts affecting an event or situation, often beyond one's control.

Social Identity Model

A theoretical framework that explains how individuals form and maintain their social identity through group affiliation and categorization.

Implicit Personality Theory

The assumptions people make about how different types of personalities and traits are related and how they affect behavior and beliefs.