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What single payment today would replace a payment

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Question - What single payment today would replace a payment of $600 in two years and a payment of 4900$ in 4 years if the interest rate is 4.9% compounded monthly?

Reference no: EM132572530

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What single payment today would replace a payment : What single payment today would replace a payment of $600 in two years and a payment of 4900$ in 4 years if the interest rate is 4.9% compounded monthly
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