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Draw a timeline in your notes, then use the one below to help you! Ordering stock from a large company requires the payment of $1500
Draw a timeline in your notes, then use the one below to help you! Ordering stock from a large company requires the payment of $1500 in four months, and $2200 in nine months at 4.8% interest, compounded monthly. The full balance is refinanced and settled with a single payment of $4100. Choose a focal date of 4 months from now. f.d. 4 mo today 9 mo $1,500 $2,200 $4,100 IY=? PV + CY=? PV + When should the single equivalent payment be made? Select one: a 21604235 months from now Ob. 2.389665 years from now c 32.675974 months from now Od 35.027124 months from now n = ? n = ? 4
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