Question: What single payment in 3 years would replace a payment of $4,300.00, 3 years ago and a payment of $19,250.00, 4 years ago? Assume both
What single payment in 3 years would replace a payment of $4,300.00, 3 years ago and a payment of $19,250.00, 4 years ago? Assume both payments were not paid and that their interest rate is 4.35% compounded quarterly.
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