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What is the equivalent single payment

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If money earns interest at 9.6% compounded quarterly, what is the equivalent single payment 2 years from now of three payments of $1000, $1200, and $1500 due, but not paid, in 6 months, 18 months, and 30 months from now, respectively. Be sure to describe how you are obtaining your values (similar to a timeline) for full marks.

Reference no: EM132589465

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