What equal payments in three years would replace payments
Problem
What equal payments in 3 years and 5 years would replace payments of $32,500 and $65,000 in 6 years and 9 years, respectively? Assume money can earn 4.50% compounded quarterly.
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What equal payments in 3 years and 5 years would replace payments of $32,500 and $65,000 in 6 years and 9 years, respectively?
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