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CFA Level 1 Exam
3959 Questions
Question No. 1
If you owe a debt of $1,000 today and also owe $2,000 in 24 months, what single payment could you make 15
months from today that would pay off both of these debts, if interest is assessed at 8% per year, compounded
monthly?
Choose the correct option from the given list.
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