Mathematics, 31.03.2020 04:40 samv6390

A debt of $3500 due in four years and $5000 due in six years is to be repaid by a single payment of $1500 now and three equal payments that are due each consecutive year from now. If the interest rate is 7% compounded annually, how much are each of the equal payments?

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A debt of $3500 due in four years and $5000 due in six years is to be repaid by a single payment of...

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