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A Debtor Owing Payments of $750 Due Today, $1000 Due

Question 103

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A debtor owing payments of $750 due today, $1000 due in 2 years, and $1250 due in 4 years requests a payout figure to settle all three obligations by means of a single economically-equivalent payment 18 months from now. What is that amount if the payee can earn 9.5% compounded semiannually?

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