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Mathematics, 23.08.2020 02:01 mooreadrian412

A debt of $1670 due in 8 years is to be repaid by a payment of $ 500 now and a second payment at the end of 8 years. How much should the second payment be, if the interest rate is 3% compounded quarterly?

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A debt of $1670 due in 8 years is to be repaid by a payment of $ 500 now and a second payment at the...
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