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Ronald owes 4,800 due in 2 years and 14,000 due in 6 years. If he plans to settle these obligations by a single payment on

Ronald owes 4,800 due in 2 years and 14,000 due in 6 years. If he plans to settle these obligations by a single payment on the 5th year, how much should he pay if money is worth 16% converted quarterly? (round off to the nearest centavos)

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