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Nivek had an agreement to settle a loan by making payments of $4,000 in 15 months, and $2,300 in 6 years. What single payment in
Nivek had an agreement to settle a loan by making payments of $4,000 in 15 months, and $2,300 in 6 years. What single payment in 27 months would be equivalent to these scheduled payments if money is worth 4% compounded quarterly?
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