Payments of $2,400, $1,200, and $3,000 were originally scheduled to be paid 1½ years ago, today, and 15 months from today, respectively. Using 6% compounded quarterly as the rate of return money can earn, what payment six months from now would be equivalent to the three scheduled payments?

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The Answer of Payments of $2,400, $1,200, and $3,000 were originally scheduled to be paid 1½ years ago, today, and 15 months from today, respectively. Using 6% compounded quarterly as the rate of return money can earn, what payment six months from now would be equivalent to the three scheduled payments?

Payments of $2,400, $1,200, and $3,000 Were Originally Scheduled to Be