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2.17
Suppose you have a debt of $8000. Your first payment is $3000, due at the end of year 3. You also must make 2 additional and equal payments of $X, due at the end of Years 1 and 4. Find X, given r = 0.1
answer: $3609.10
2.19
david borrows $4000 at 10%p.a...