A debt can be repaid by payments of $4125.00 today, $3770.00 in two years and $5600.00 in five ...

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A debt can be repaid by payments of $4125.00 today, $3770.00 in two years and $5600.00 in five ...

A debt can be repaid by payments of $4125.00 today, $3770.00 in two years and $5600.00 in five years. What single payment would settle the debt three years from now if money is worth 9.88% p.a. compounded quarterly?

Textbook

Contemporary Business Mathematics with Canadian Applications

Edition: 11^th

Authors: Hummelbrunner, Halliday, Hassanlou, Coombs

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