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Two debts, the first of $1900 due nine months ago and the second of $1800 borrowed two years ago for a term of five years
Two debts, the first of $1900 due nine months ago and the second of $1800 borrowed two years ago for a term of five years at 6.2% comp Next questione to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 7% compounded quarterly and the focal date is one year from now. The size of the replacement payment is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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