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A series of equal payments of $300 is received quarterly for years. After the first 6 years the quarterly payments are doubled in size, and
A series of equal payments of $300 is received quarterly for years. After the first 6 years the quarterly payments are doubled in size, and these larger payments are received for 8 more years. FInd the single present amount equivalent to this series of payments receied over the 14-year period if the interest rate is 12% compounded quarterly
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