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Question 6 of 8 A payment of $34,000 is due today. What three equal payments, one in 3 years, one in 5 years, and one
Question 6 of 8 A payment of $34,000 is due today. What three equal payments, one in 3 years, one in 5 years, and one in 6 years, would replace the original payment? Assume that money earns 4.75% compounded semi-annually. $15,020.51 (x) Round to the nearest cent Question 6 of 8 A payment of $34,000 is due today. What three equal payments, one in 3 years, one in 5 years, and one in 6 years, would replace the original payment? Assume that money earns 4.75% compounded semi-annually. $15,020.51 (x) Round to the nearest cent Question 7 of 8 Two payments of $17,000 and $2,400 are due in 1 year and 2 years, respectively. Calculate the two equal payments that would replace these payments, made in 6 months and in 3 years if money is worth 6% compounded quarterly. $0.00 Round to the nearest cent
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