Debt payments of $500 due four months ago, $1,000 due today, and $2,000 due in sixteen months are to be combined into o

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Debt payments of $500 due four months ago, $1,000 due today, and $2,000 due in sixteen months are to be combined into one payment due seven months from today at 12% p.a. compounded monthly. Find the size of that payment.*1 point
Debt payments of $500 due four months ago, $1,000 due today, and $2,000 due in sixteen months are to be combined into one payment due seven months from today at 12% p.a. compounded monthly. Find the size of that payment.*
Debt payments of $500 due four months ago, $1,000 due today, and $2,000 due in sixteen months are to be combined into one payment due seven months from today at 12% p.a. compounded monthly. Find the size of that payment.*
1 point
None of the answers is correct$3,458.65$3,502.85$3,480.58$3,643.88$3,525.45
None of the answers is correct$3,458.65$3,502.85$3,480.58$3,643.88$3,525.45
None of the answers is correct$3,458.65$3,502.85$3,480.58$3,643.88$3,525.45
None of the answers is correct$3,458.65$3,502.85$3,480.58$3,643.88$3,525.45
None of the answers is correct
None of the answers is correct
None of the answers is correct
None of the answers is correct
$3,458.65
$3,458.65
$3,458.65
$3,458.65
$3,502.85
$3,502.85
$3,502.85
$3,502.85
$3,480.58
$3,480.58
$3,480.58
$3,480.58
$3,643.88
$3,643.88
$3,643.88
$3,643.88
$3,525.45
$3,525.45
$3,525.45
$3,525.45