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Scheduled payments of $ 6 7 5 due today and $ 1 2 5 5 due in 9 months are to be replaced by two
Scheduled payments of $ due today and $ due in months are to be replaced by two payments: a $ payment months from today and an unknown payment at the focal date of months from today. Money earns compounded quarterly. In your rough work, it may be helpful to draw a timeline with the appropriate focal date for the unknown payment. Using IY PY and PMT determine the economically equivalent value for each payment at the focal date and enter the values in the blanks.
Round all dollar values to two decimal places.Moving $ due today to the focal date:NPV FVMoving $ due in months to the focal date:NPV FV Moving $ due in months to the focal date:NPV FV
The amount of the unknown payment at the focal date is
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