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What single payment one year from now would be economically equivalent to payments of $1,000 due fifteen months from now and $500 due eighteen months
What single payment one year from now would be economically equivalent to payments of $1,000 due fifteen months from now and $500 due eighteen months from now? Assume money can earn 3.25% compounded quarterly. a $1,783.91 b $1,438.91 c $1,483.91 d $1,883.91
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