Answer to Question #257594 in Financial Math for zhidan

Question #257594

You borrow 1.000$ now and 2.000$ in 4 months. You agree to pay $X in 6 months and $2X in 8 months from now. Determine X using a focal date 8 months from now.

a) at simple interest rate r = 8.1%.

b) at simple discount rate d = 8.1%.

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