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Home Q & A Board Science-Related Homework Help Mathematics
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mitch44 mitch44
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A year ago
What single payment one year from now would be economically equivalent to payments of $1,000 due fifteen months from now and $500 due eighteen months from now? Assume money can earn 3.25% compounded quarterly.

▸ $1,438.91

▸ $1,489.91

▸ $1,783.91

▸ $1,483.91

▸ $1,883.91
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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HCho0HCho0
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A year ago
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#2
A year ago
Help! The answer is missing an explanation...
Post Merge: A year ago

Quote from: Anonymous (A year ago)
Help! The answer is missing an explanation...
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#3
Educator
A year ago
Done

Hope that helps!
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