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A financial contract requires that three payments are made. The first payment of $1000 is due in 6 months, the second payment of $3000 is
A financial contract requires that three payments are made. The first payment of $1000 is due in 6 months, the second payment of $3000 is due in 14 months and the third payment of $4400 is due in 24 months. You have the option of making a single payment to cover (payoff) all your above obligations. If the money is worth 10% compounded monthly when should that single payment be made
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