Determine the single payment now that would settle

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A ten-year promissory note discounted after 8 years at 8.8% p.a., compounded quarterly has a maturity value of $40,000. Find the proceeds. 10. Debts of $600.00, $6600.00 and $720.00 are due in one year, eighteen months and thirty months from now respectively. Determine the single payment now that would settle the debts if interest is 8% p.a. compounded quarterly.

Reference no: EM132613794

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