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Payments of $10 200

Question 97

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Payments of $10 200.00 due one year ago and $13 000.00 due nine months ago are to be replaced by a payment of $5800.00 now, a second payment of $10 000.00 fifteen months from now, and a final payment twenty-four months from now. What is the size of the final payment if interest is 9.2% compounded quarterly?

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Focal date is 24 months from now. Let th...

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