Ade has to settle a debt, for which scheduled debt payments of $3800.00 was due seven months ago, $4700.00 was due two months ago, and $8800.00 due in five months. Debt has to be settled by two equal payments now and three months from now respectively. Determine the size of the equal replacement payments at 4.9% p.a. compounded monthly.
A) $8650.00
B) $8635.47
C) $8688.25
D) $17 270.93
E) $17 323.72

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The Answer of Ade has to settle a debt, for which scheduled debt payments of $3800.00 was due seven months ago, $4700.00 was due two months ago, and $8800.00 due in five months. Debt has to be settled by two equal payments now and three months from now respectively. Determine the size of the equal replacement payments at 4.9% p.a. compounded monthly.
A) $8650.00
B) $8635.47
C) $8688.25
D) $17 270.93
E) $17 323.72

Ade Has to Settle a Debt, for Which Scheduled Debt