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A series of equal payments of $300 is received quarterly for 6 years. After the first 6 years the quarterly payments are doubled in size,
A series of equal payments of $300 is received quarterly for 6 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 received over the 14-years period if the interest rate is a, 12% compounded quarterly. b. 12% compounded monthly c, 12% compounded continuously
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