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A payment of $2,800 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 $2,800 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 $2,000 in 1 year and the balance in 3 years. Calculate the payment required in 3 years for the rescheduled option. Assume that money earns 5.5% compounded quarterly.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
