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salonijainnn salonijainnn
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A year ago
A scheduled payment stream consisted of three payments: $2100 due (but not paid) 1½ years ago, $1300 due today, and $800 due in 2 years. What single payment, 6 months from now, would be economically equivalent to the payment stream? Money can earn 4.5% compounded monthly.
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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jaymasterjaymaster
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A year ago
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