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QUESTION
Two payments of $5,000 and $6,000 must be made 2 years and 6 years from now respectively. If money can earn 7.
Two payments of $5,000 and $6,000 must be made 2 years and 6 years from now respectively. If money can earn 7.8% compounded semi-annually, what single payment, 42 months from now, would be equivalent to the two scheduled payments?
