How large should that single payment be

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Question - Debts of $7,000 due 4 years ago from today, $5,000 due in 3 months from today and $6,000 due in 30 months from today, will ALL be replaced by a single equivalent value payment in 1 year from today. If the cost of money is 12% p.a. and the focal point is in 1 year from today, how large should that single payment be?

Reference no: EM133111130

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