Debt payments of $400 due today, $500 due in 18 months, and $900 due in 3 years

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Debt payments of $400 due today, $500 due in 18 months, and $900 due in 3 years are to be combined into a single payment due 2 years from now. What is the size of the single payment if interest is 8% p.a. compounded quarterly?
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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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