What equal payments in two years would replace payments
Problem
What equal payments in 2 years and 4 years would replace payments of $32,500 and $67,500 in 7 years and 9 years, respectively? Assume money can earn 3.60% compounded monthly. Use 9 years as the focal date.
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What equal payments in 2 years and 4 years would replace payments of $32,500 and $67,500 in 7 years and 9 years, respectively?
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