Pablo plans to pay off debt with payments of $1,600 one year from now, $1,800 in 18 months and $2,000 in 30 months. If interest is 8% compounded quarterly, determine the payment that will settle the obligations.
A) $1,717.20
B) $2,717.20
C) $3,717.20
D) $4,717.20
E) $5,717.20
Correct Answer:
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