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Scheduled payments of $ 1 2 0 0 due one year ago and $ 1 0 0 0 due six months ago are to be
Scheduled payments of $ due one year ago and $ due six months ago are to be replaced by a payment of $ now, a second payment of $ nine months from now, and a final payment months from now. What is the size of the final payment if interest is compounded quarterly?
COMPOUND INTEREST FUTURE VALUE AND PRESENT VALUE MATH
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