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A payment of $650 is due in 2 years, and $4,500 is due in 5 years. What single payment made today would be equivalent to
A payment of $650 is due in 2 years, and $4,500 is due in 5 years. What single payment made today would be equivalent to these original payments? Assume that money earms 4.25% compounded quarterly. A payment of $650 is due in 2 years, and $4,500 is due in 5 years. What single payment made today would be equivalent to these original payments? Assume that money earms 4.25% compounded quarterly
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