A payment of $38,000 is due today. What three equal payments, one in 3 years, one in

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A payment of $38,000 is due today. What three equal payments, one in 3 years, one in 4 years, and one in 7 years, would replace the original payment? Assume that money earns 5.75% compounded semi-annually.

Posted Date: May 17, 2024 10:08 PM

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A payment of $38,000 is due today. What three equal payments, one in 3 years, one in

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