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A debt can be repaid by payments of $1000.00 today, and $3000.00 in two years. You wish to find what single payment would settle the

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A debt can be repaid by payments of $1000.00 today, and $3000.00 in two years. You wish to find what single payment would settle the debt three years from now if money is worth 16% p. compounded quarterly? Find i (periodic rate) a. 16 b. 0.04 c. 0.08 d. 8 e. 0.16

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