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What single payment at the end of two years

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Question - Marina owes Chato the following amounts:

a) 55,000 at the end of 4 years,

b) 48,000 at the end of 5 years, and

c) 75,000 due in 3 years from today at 9% compounded quarterly.

Required - What single payment at the end of 2 years will settle Marina's obligations if money is worth 15% compounded monthly? Use 5 years as a focal date.

Reference no: EM132922936

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