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Trey4sho Trey4sho
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A year ago
Payments of $2400 originally scheduled to be paid today, $1200 due 18 months from today, and $3000 due 33 months from today are to be replaced with a single payment due six months from now. 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?
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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katiesaylerkatiesayler
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A year ago
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