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Question 4 : Jimmie has a debt that can be repaid by payments of $ 6 , 2 0 0 today, $ 9 , 5

Question 4: Jimmie has a debt that can be repaid by payments of $6,200 today, $9,500 in three years and$11,500 in six years. Suppose he wants to settle his debt with a single payment two years today. Whatwould this amount need to be if money is worth 6.24%, compounded semiannually?

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