Calculate the single equivalent payment today that would replace three payments of $18,400, $21,065, and $12,560, in

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Calculate the single equivalent payment today that would replace three payments of $18,400, $21,065, and $12,560, in two years, four years, and five years, respectively, if money is earning interest at a rate of 3% compounded monthly.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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Question Posted: Aug 30, 2024 09:05 AM

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Calculate the single equivalent payment today that would replace three payments of $18,400, $21,065, and $12,560, in

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Mathematics Of Business And Finance

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