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

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

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