What single payment in two years would replace a payment of $18,650 due one year ago and
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What single payment in two years would replace a payment of $18,650 due one year ago and a payment of $21,400 due two years and two months ago? Assume that both payments were not paid and that the interest rate is 4% compounded quarterly.
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Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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