How much are each of the equal payments, Microeconomics

How much are each of the equal payments

Problem

A debt of ${5000} due in four years and ${6000} due in five years is to be repaid by a single payment of ${4500} now and two equal payments that are due each consecutive year from now. If the interest rate is {14}% compounded annually, how much are each of the equal payments?

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Microeconomics: How much are each of the equal payments

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Microeconomics: How much are each of the equal payments

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