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A payment of $2,650 is due in 2 years and $3,300 is due in 4 years. These two original payments are to be rescheduled
A payment of $2,650 is due in 2 years and $3,300 is due in 4 years. These two original payments are to be rescheduled with a payment of $1,900 in 1 year and the balance in 3 years. Calculate the payment required in 3 years for the rescheduled option. Assume that money earns 4.75% compounded monthly. Round to the nearest cent
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
