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If money earns 3.7% compounded semi-annually, what two equal payments, one in 1 year and the other in 2 years, would be equivalent to: a.

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If money earns 3.7% compounded semi-annually, what two equal payments, one in 1 year and the other in 2 years, would be equivalent to: a. $12,000 today? Round to the nearest cent b. $4,600 due 1 year ago, but not paid, and $7,800 due 3 years ago, but not paid? Round to the nearest cent

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