Mr. A owes Ms. B three sums of money: $1,000 due in two years, $1,500 due in
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Question:
Mr. A owes Ms. B three sums of money: $1,000 due in two years, $1,500 due in five years,
and $2,000 due in eight years. Mr. A pays Ms. B $2,000 now and the rest in three years.
Interest is 6% APR. Find the amount of the remaining payment rounded up to the nearest
dollar.
Expert Answer:
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