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Suppose we have to make 12 quarterly payments of $1,000 each beginning in the next quarter and another 12 quarterly payments of $1,500 beginning in 

Suppose we have to make 12 quarterly payments of $1,000 each beginning in the next quarter and another 12 quarterly payments of $1,500 beginning in the 13th quarter. The interest rate is 16%, compounded quarterly. What is this equal to in period 0? PLEASE DRAW THE LINE TIME

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