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What single payment in 2 years would replace a payment of $8,500.00,3 years ago and a payment of $13,500.00,6 years ago? Assume both payments were
What single payment in 2 years would replace a payment of $8,500.00,3 years ago and a payment of $13,500.00,6 years ago? Assume both payments were not paid and that their interest rate is 3.20% compounded quarterly. Answer: Round to the nearest cent
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