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Two payments of $3,000 each are due in 50 and 100 days. What is their combined economic value today if money can earn: a) 9%? b) 11%? c) Explain why the answer in part (b) is smaller.

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a) $5,891.27; b) $35,867.70; c...

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Calculate the amount of interest owed on the repayment date: Calculate the amount of interest owed on the repayment date:

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