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Eliot agreed to pay Julia $4,500 plus interest at 8% compounded quarterly in 1 year and 6 months from now. 1 year later, Julia needs
Eliot agreed to pay Julia $4,500 plus interest at 8% compounded quarterly in 1 year and 6 months from now. 1 year later, Julia needs substantial liquidity and decides to sell the contract to Fiona Chatwin to yield a rate of return of 10% compounded monthly. What price did Julia receive for the contract? Better with timeline
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