A debt can be paid by payments of $2000 scheduled today, $2000 scheduled in three years, and

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A debt can be paid by payments of $2000 scheduled today, $2000 scheduled in three years, and $2000 scheduled in six years. What single payment would settle the debt four years from now if money is worth 10% compounded semi-annually?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:49 AM

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A debt can be paid by payments of $2000 scheduled today, $2000 scheduled in three years, and

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I Y 10 C Y 2 i 102 005 Focal date is four years from now E 1 200000105 8 20...View the full answer

Contemporary Business Mathematics with Canadian Applications

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