Payments of $1000, $1200, and $1500 are due in 6 months, 18 months, and 30 months from

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Payments of $1000, $1200, and $1500 are due in 6 months, 18 months, and 30 months from now, respectively. What is the equivalent single payment two years from now if money is worth 9.6% 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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Question Posted: Feb 26, 2016 03:50 AM

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Payments of $1000, $1200, and $1500 are due in 6 months, 18 months, and 30 months from

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Let the single payment be x and the focal date be two yea...View the full answer

Contemporary Business Mathematics with Canadian Applications

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