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Q) A contractual arrangement requires payments of $10,000 on 7 October 2019 and $7,000 on 7 October 2024. What is an equivalent single amount payable

Q) A contractual arrangement requires payments of $10,000 on 7 October 2019 and $7,000 on 7 October 2024. What is an equivalent single amount payable on 7 October 2026 at an interest rate of 8% p.a. compounding quarterly?

a. $25,611.86 b. $19,918.21 c. $29,879.28 d. $24,410.24

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