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Sue had an agreement to settle a loan by making payments of $2000 in 6 months, and $2500 in 3 years. What single payment in
Sue had an agreement to settle a loan by making payments of $2000 in 6 months, and $2500 in 3 years. What single payment in 18 months would be equivalent to these scheduled payments if money is worth 3% compounded quarterly ?
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