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3. Calculate the single equivalent payment to settle the amounts owing below, if the focal date is 1 year from today and interest is 4.5%

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3. Calculate the single equivalent payment to settle the amounts owing below, if the focal date is 1 year from today and interest is 4.5% compounded monthly. ans = $4421.96 $2100 due 1 year ago $1300 due today $800 due 2 years from today

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