Question: What single amount, paid three years from now, would be economically equivalent to the combination of $1,400 due today and $1,800 due in five years

What single amount, paid three years from now, would be economically equivalent to the combination of $1,400 due today and $1,800 due in five years if fund can be invested to earn 3% compounded quarterly? Use focal date 3 years from now.

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