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How do determine the size of the replacement payment

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Problem 1: Two? debts, the first of ?$600 due six months ago and the second of ?$800 borrowed one year ago for a term of four years at 8.3?% compounded annually?, are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 9.1?% compounded quarterly and the focal date is one year from now.

Reference no: EM132763991

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