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A man owes rs 4000 in 4 years and rs 3400 due in 6 years. His creditor agreed for him to pay debts with a payment of rs 3000 in 3 years and the remainder in 8 years. If money is worth 7% compounded quarterly, the amount of the second payment is?

Sagot :

Hakuna111

Answer:

15000 loan

Step-by-step explanation:

Suppose comparison date = 8 years

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