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A loan was originally scheduled with payments of $2000 to be paid 2 years from today and $1000 to be paid 6 years from today.

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A loan was originally scheduled with payments of $2000 to be paid 2 years from today and $1000 to be paid 6 years from today. They are to be replaced by a $1500 payment due 3 years from today, and another unknown payment $X due 4 years from today. Determine the size of the second replacement payment $x if interest rate is 5% pa. compounded monthly, and the focal date is four years from today (Year 4). Answer the following questions: of the focal date is four years from today, which variable does payment $2000 represent? (Choose from FV, PV, n, ori) If the focal date is four years from today, which variable does payment $1000 represent? (Choose from FV, PV, n, ori) If the focal date is four years from today, what is the size of the equivalent single loan amount at year four? (Express in 8 decimals) Choose... If the focal date is four years from today, which variable does payment $1500 represent? (Choose from FV, PV, t. n, or Your answer for $X at the focal date is Choose

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