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Posted on May 13, 2024

A debt can be repaid with payments of $3912 today, $2436 in 2 years and $6770 in 5 years. What single payment will settle

A debt can be repaid with payments of $3912 today, $2436 in 2 years and $6770 in 5 years. What single payment will settle the debt 3 years from now if interest is 10.5% compounded quarterly?

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