What three equal payments in one year, two years, and three years would replace one single payment

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What three equal payments in one year, two years, and three years would replace one single payment of $4000 today at an interest rate of 6% compounding 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 three equal payments in one year, two years, and three years would replace one single payment

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Mathematics Of Business And Finance

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