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What single payment today would replace a payment of $850 in 2years and a payment of $5,200 in 5 years if the interest rate is4.60%
What single payment today would replace a payment of $850 in 2years and a payment of $5,200 in 5 years if the interest rate is4.60% compounded monthly? Please show work. 2 answers
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International Money and Finance
Authors: Michael Melvin, Stefan C. Norrbin
8th edition
978-8131234136, 123852471, 978-0123852472
