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Jared was supposed to make a payment of $2,000 in 2 years and another payment for $900 in 4 years to Loon Company as
Jared was supposed to make a payment of $2,000 in 2 years and another payment for $900 in 4 years to Loon Company as part of a payment plan. Instead, she is trying to reach an agreement with the company where she would pay an upfront amount now, and an amount of $1,200 in 4 years. Assume that money is worth 8.64% compounded quarterly. a. Calculate the equivalent value of the $2,000 payment and the $900 payment today.
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