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Please show work Payments of $5,000 due in one year and $6,000 due in three years are to be replaced by payments of $7,500 today
Please show work
Payments of $5,000 due in one year and $6,000 due in three years are to be replaced by payments of $7,500 today and the balance in two years. If money earns 4.13% compounded semiannually, calculate the value of the balance payment in two years. Include a well-labelled timeline diagramStep by Step Solution
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