Question: What single payment in 3 years would replace a payment of $6,250.00, 3 years ago and a payment of $16,500.00, 5 years ago? Assume both

What single payment in 3 years would replace a payment of $6,250.00, 3 years ago and a payment of $16,500.00, 5 years ago? Assume both payments were not paid and that their interest rate is 4.70% compounded quarterly. Answer: Round to the nearest cent

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