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| rev | Admin | (Created page with "'''Solution: C''' Because only Mortgage II provides a cash flow at time two, it must be considered first. The mortgage provides <math>Y/a_{\overline{2}|0.07} = 0.553092Y</math> at times one and two. Therefore, 0.553092Y = 1000 for Y = 1808.02. Mortgage I must provide 2000 – 1000 = 1000 at time one and thus X = 1000/1.06 = 943.40. The sum is 2751.42. {{soacopyright | 2023 }}") | Nov 20'23 at 19:48 | +380 |