Find the amount of the payment if money

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Kory owes some money, $3000 plus interest at 6%, compounded semiannually, which is due in five years and $5000 plus interest at 6% compounded annually which is due in eight years. if both debts are to be paid off be a single payment at the end of four years, find the amount of the payment if money is 6% compounded quarterly.

Reference no: EM132187913

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