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Posted: **Sat Nov 27, 2021 5:33 pm**

: 10 Two Payments Of 7 500 Each Must Be Made Three Years And Six Years From Now If Money Can Earn 8 4 Compounded Month 1 (12.56 KiB) Viewed 83 times

10. Two payments of $7,500 each must be made three years and six years from now. If money can earn 8.4% compounded monthly, what single payment, four years from now, would be equivalent to the two scheduled payments? Round to the nearest dollar. (6 marks)