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A payment of $2,000 due 4 months ago which was not paid and another payment of $3,000 due 3 years from today are to be
A payment of $2,000 due 4 months ago which was not paid and another payment of $3,000 due 3 years from today are to be replaced by a single payment 1 year from today. What is the size of the single payment if money is worth 2.71 % compounded quarterly?
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