Question: .OA4 Q5 CHAPTER: Compound Interest - Calculating Equivalent Payments A payment of $11,215 is due in 2 year, $19,000 is due in 4 years, and

.OA4 Q5

CHAPTER: Compound Interest - Calculating Equivalent Payments

.OA4 Q5 CHAPTER: Compound Interest - Calculating Equivalent Payments A payment of

A payment of $11,215 is due in 2 year, $19,000 is due in 4 years, and $8,300 is due in 6 years. What single equivalent payment made today would replace the three original payments? Assume that money earns 3.50% compounded monthly. $0.00 Round to the nearest cent

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