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1.A debt can be paid by payments of $2000 scheduled today, $2000 scheduled in three years, and $2000 scheduled in six years. What single payment
1.A debt can be paid by payments of $2000 scheduled today, $2000 scheduled in three years, and $2000 scheduled in six years. What single payment would settle the debt four years from now if money is worth 10% compounded semi-annually?
2.Find the discounted value of $3800 due in 6 years and 8 months if interest is 7.5% compounded annually.
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