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Q 3 ) A payment of $ 2 , 6 5 0 is due in 2 years and $ 3 , 9 0 0 is
Q A payment of $ is due in years and $ is due in years. These two original payments are to be rescheduled with a payment of $ in year and the balance in years. Calculate the payment required in years for the rescheduled option.
Assume that money earns compounded monthly.
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