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A debt of $2000 due in 3 years and $5000 due in 9 years is to be repaid by a single payment in four years.
A debt of $2000 due in 3 years
and $5000 due in 9 years
is to be repaid by a single payment in four years.
If the interest rate is constant at 2% per annum (compounded continuously), what will be the value of the single payment?
Please stop copying other answers they are wrong because 2000e^0.6 is not 2123.75
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