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When should he make a second payment if money is worth

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Reference no: EM132965052

Problem 1: Matt agreed to make two payments - a payment of $2,000 due in nine months and a payment of $1,500 in a year. If Matt makes a payment of $1,800 now, when should he make a second payment of $1,700 if money is worth 8% compounded quarterly?

Reference no: EM132965052

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