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Home Q & A Board Science-Related Homework Help Mathematics
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mylesnagop mylesnagop
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10 months ago
Two payments of $7,500 each must be made three years and six years from now. If money can earn 8.4% compounded monthly, what single payment, four years from now, would be equivalent to the two scheduled payments? Round to the nearest dollar.

▸ $13,218

▸ $18,638

▸ $15,501

▸ $14,499

▸ $22,034
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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naj2008hnaj2008h
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10 months ago
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mylesnagop Author
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10 months ago
You make an excellent tutor!
vanna2014
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Yesterday
Correct Slight Smile TY
IvanaVR
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2 hours ago
Good timing, thanks!
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