Two payments of $12,000 and $2,700 are due in 1 year and 2 years, respectively. Calculate...
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Two payments of $12,000 and $2,700 are due in 1 year and 2 years, respectively. Calculate the two equal payments that would replace these payments, made in 6 months and in 4 years if money is worth 10% compounded quarterly. Round to the nearest cent Two payments of $12,000 and $2,700 are due in 1 year and 2 years, respectively. Calculate the two equal payments that would replace these payments, made in 6 months and in 4 years if money is worth 10% compounded quarterly. Round to the nearest cent
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Quarterly interest rate 104 25 Present value of 12000 amount to be made in 1 ... View the full answer
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