Assuming effective annual interest at rate

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Reference no: EM131012088

Payments of 200 due July 1, 2012 and 300 due July 1, 2014 have the same value on July 1, 2009 as a payment of 100 made on July 1, 2009 along with a payment made on July 1, 2013. Find the payment needed July 1, 2013 assuming effective annual interest at rate 4%? explain each step

Reference no: EM131012088

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