Question: What three equal payments, one in 3 years, one in 5 years, and one in 6 years would replace one single payment of $20,000 due
What three equal payments, one in 3 years, one in 5 years, and one in 6 years would replace one single payment of $20,000 due today at an interest rate of 5.22% compounding quarterly? Use 'today' as the focal date.
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