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A payment of $15,000 is due in 1 year and $10,300 is due in 2 years. What two equal payments, one in 3 years and
A payment of $15,000 is due in 1 year and $10,300 is due in 2 years. What two equal payments, one in 3 years and one in 4 years would replace these original payments? Assume that money earns 4.75% compounded quarterly. Use the focal date in 4 years. Round to the nearest cent
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Advanced Finance
Authors: Michael Fardon
1st Edition
1872962319, 1872962173, 978-1872962313, 978-1872962177
