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Question 3 of3 George was supposed to make a payment of $3,350.00 in 3 years and another payment for $1,900.00 in 4 years to Cerise

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Question 3 of3 George was supposed to make a payment of $3,350.00 in 3 years and another payment for $1,900.00 in 4 years to Cerise Inc. as part of a payment plan. Instead. he is trying to reach an agreement with the company where he would pay an upfront amount now, and an amount of $1,?00.00 in 2 years. Money is worth 3.00% compounded semiannually. Answer the following questions, rounding your answers to two decimal places: a. Calculate the equivalent value ofthe $3,150.00 payment and the $1,900.00 payment today. $0.00 Round to the nearest cent [1. Calculate the upfront amount that he should pay under the alternative payment agreement so that the payments are equivalent. $0.00 Round to the nearest cent Submit Assignment

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