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QUESTION
need answer with work shown thank you Sue had loan payments of $1,000 that was due 3 MONTHS AGO (and was not paid) and $1,500 due in 6 MONTHS.
need answer with work shown thank you
Sue had loan payments of $1,000 that was due 3 MONTHS AGO (and was not paid) and $1,500 due in 6 MONTHS. What single payment today would settle the debt, if money is worth 7% compounded quarterly?
