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wo payments of $16,000 and $6,800 are due in 1 year and 2 years, respec alculate the two equal payments that would replace these payments, mad nonths and in 4 years if money is worth 5% compounded quarterly. $0.00

wo payments of $16,000 and $6,800 are due in 1 year and 2 years, respec alculate the two equal payments that would replace these payments, mad nonths and in 4 years if money is worth 5% compounded quarterly. $0.00

Corporate Fin Focused Approach
Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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Two payments of $16,000 and $6,800 are due in 1 year and 2 years, respectively. Calculate the two equal payments that would replace these payments, made in 6 months and in 4 years if money is worth 5% compounded quarterly. $0.00 Round to the nearest cent
Transcribed Image Text:Two payments of $16,000 and $6,800 are due in 1 year and 2 years, respectively. Calculate the two equal payments that would replace these payments, made in 6 months and in 4 years if money is worth 5% compounded quarterly. $0.00 Round to the nearest cent
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