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Question 1 [ 5 marks] Three payments of $28000 each must be made 3 years, 6 years and 8 years from now. If money can

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Question 1 [ 5 marks] Three payments of $28000 each must be made 3 years, 6 years and 8 years from now. If money can earn 4.9% p.a. compounded monthly, what single payment 50 months from now would be equivalent to the three scheduled payments

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