Question: 8 . A $ 6 9 0 0 payment due 2 1 / 2 years ago has not been paid. If money can earn 4

8. A $6900 payment due 21/2 years ago has not been paid. If money can earn 4.2% compounded annually, what amount paid 31/2 years from now would be the economic equivalent of the missed payment?

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