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Debts of $1400.00, $2450.00 are due in one year and thirty months from now respectively. Replacement payments of $2500 in six months and a final
Debts of $1400.00, $2450.00 are due in one year and thirty months from now respectively. Replacement payments of $2500 in six months and a final payment in 32 months. Determine the final payment that would settle the debts if interest is 8% p.a. compounded quarterly.
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