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If money earns 6.36% compounded quarterly, what single payment in three years would be equivalent to a payment of $3,230 due two years ago, but
If money earns 6.36% compounded quarterly, what single payment in three years would be equivalent to a payment of $3,230 due two years ago, but not paid, and $800 today? Round to the nearest cent Next Question Question 3 of 4 Two payments of $17,000 and $2,600 are due in 1 year and 2 years, respectively. Calculate the two equal payments that would replace these payments, made in 3 months and in 4 years if money is worth 10.5% compounded quarterly. Round to the nearest cent Payments of $1,650 in 1 year and another $2,700 in 5 years to settle a loan are to be rescheduled with a payment of $950 in 15 months and the balance in 25 months. Calculate the payment required in 25 months for the rescheduled option to settle the loan if money earns 4.85% compounded monthly during the above periods. Round to the nearest cent
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