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A $ 1 5 , 0 0 0 loan with interest being charged at 1 0 % compounded quarterly was made 2 . 5 years
A $ loan with interest being charged at compounded quarterly was made years ago and is due in two years. The debtor is proposing to settle the debt by a payment of $ today and a second payment in one year that will place the lender in an equivalent financial position, given that money can now earn only compounded semiannually.
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