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thought I had to use the formula s=p(1+rt) but I seem to be missing something Payments of $1400 and $2500 were due 90 days ago

thought I had to use the formula s=p(1+rt) but I seem to be missing something

Payments of $1400 and $2500 were due 90 days ago and 120 days ago, respectively. What is the combined economic value today of these payments if money can earn 9%

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