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A payment of $2,750 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 $2,750 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 $2,100 in 1 year and the balance in 3 years. Calculate the payment required in 3 years for the rescheduled option. Assume that money earns 4.25% compounded semi-annually
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Governance Of Financial Management
Authors: John Carver, Miriam Carver
1st Edition
0470392541, 9780470392546
