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A payment of $16,000 is due in 1 year and $11,900 is due in 2 years. What two equal payments, one in 3 years and

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A payment of $16,000 is due in 1 year and $11,900 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 4.50% compounded quarterly. Use the focal date in 4 years. $0.00 Round to the nearest cent A payment of $2,600 is due in 2 years and $3,600 is due in 4 years. These two original payments are to be rescheduled with a payment of $2,050 in 1 year and the balance in 3 years. Calculate the payment required in 3 years for the rescheduled option. Assume that money earns 4.5% compounded quarterly. $0.00 Round to the nearest cent

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