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Home Q & A Board Science-Related Homework Help Mathematics
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mombefor78 mombefor78
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10 months ago
Payments of $2300 due 18 months ago and $3100 due in three years are to be replaced by an equivalent stream of payments consisting of $2000 today and two equal payments due two and four years from now. If money can earn 9.75% compounded semiannually, what should be the amount of each of these two payments?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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dorkiexcicidorkiexcici
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Anonymous
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Help! The answer is missing an explanation...
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