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please show your work A person owes $10,000 due in 2 years and $6,000 due in 7 years. If money is worth 12% compounded monthly,
please show your work
A person owes $10,000 due in 2 years and $6,000 due in 7 years. If money is worth 12% compounded monthly, what single payment at 3 years hence (from the present) will settle the obligations Question 6 10 pts How long will it take money to at least triple in value using 9% converted quarterly? Give answer in whole compound periods. Question 7 10 pts How long will it take for $7000 to grow to $10,000 at 10% compounded semiannually? Assume simple interest is allowed for part of a period. Give answer in whole conversion periods and on your work sheet find the plus the number of additional days and give your second answer there Step by Step Solution
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