Find and determine the size of the replacement payment

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Problem 1: Two? debts, the first of ?$1900 due six months ago and the second of ?$1300 borrowed one year ago for a term of three years at 4.1?% compounded annually?, are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 4.9?% compounded quarterly and the focal date is one year from now.

Reference no: EM132764104

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