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Nikki owed the following obligations: a . P 4 1 0 8 due in 3 years and b . P 7 6 8 3 due
Nikki owed the following obligations: a P due in years and b P due in six years with accumulated interest from today at converted quarterly. If she would want to replace these obligatios by a payment of P on the second year and another payment at the end of years, how much is the second payment if money is worth compounded semi annually? Draw the cashflow diagram. Answer in decimal values no need to input the sign.
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