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    Exam 8: Compound Interest: Future Value and Present Value
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    What Single Payment 1 Year from Now Would Be Equivalent
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What Single Payment 1 Year from Now Would Be Equivalent

Question 176

Question 176

Short Answer

What single payment 1 year from now would be equivalent to $2500 due in 3 months, and another $2,500 due in 2 years? Money is worth 7% compounded quarterly.

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