Question: Need answer and clear solutions ASAP! In return for payment of $5000 at the end of 4 years and $8500 at the end of 9
Need answer and clear solutions ASAP! In return for payment of $5000 at the end of 4 years and $8500 at the end of 9 years, a man agrees to pay $1000 at once and $3000 at the end of 6 years and two equal payments at the end of 8 years and 10 years, respectively. Find how much each payment is if money is worth 18% compounded semi-annually.
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