What single payment today would replace a payment of $5000 in one year and $8000 in two

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What single payment today would replace a payment of $5000 in one year and $8000 in two years if the interest rate is 4% 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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What single payment today would replace a payment of $5000 in one year and $8000 in two

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Mathematics Of Business And Finance

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