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If money earns interest at 9.6% compounded quarterly, what is the equivalent singlepayment 2 years from now of three payments of $1000, $1200, and $1500
If money earns interest at 9.6% compounded quarterly, what is the equivalent singlepayment 2 years from now of three payments of $1000, $1200, and $1500 due, but notpaid, in 6 months, 18 months, and 30 months from now, respectively.
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