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Question 3 of 11 A payment of $14,815 is due in 1 year, $20,000 is due in 5 years, and $8,650 is due in 6
Question 3 of 11 A payment of $14,815 is due in 1 year, $20,000 is due in 5 years, and $8,650 is due in 6 years. What single equivalent payment made today would replace the three original payments? Assume that money earns 4.25% compounded monthly. Round to the nearest cent Submit Question Next
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The Lifestyle Investor
Authors: Justin Donald, Ryan Levesque, Mike Koenigs
1st Edition
1636800130, 978-1636800134
