Question: A $ 5 0 0 0 payment due 1 1 / 2 years ago has not been paid. If money can earn 3 . 2

A $5000 payment due 11/2 years ago has not been paid. If money can earn 3.25%compounded annually, what amount paid 21/2 years from now would be the economicequivalent of the missed payment?

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