Question: What single payment in 3 years would replace a payment of $8,350.00,3 years ago and a payment of $19,250.00,6 years ago? Assume both payments were

What single payment in 3 years would replace a payment of

What single payment in 3 years would replace a payment of $8,350.00,3 years ago and a payment of $19,250.00,6 years ago? Assume both payments were not paid and that their interest rate is 8.80% compounded quarterly. Answar: Round to the nearest cent

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