Mae is due to make a payment of $1300 now. Instead, she has negotiated two equal payments, one year and two years from n

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Mae Is Due To Make A Payment Of 1300 Now Instead She Has Negotiated Two Equal Payments One Year And Two Years From N 1 (51.8 KiB) Viewed 11 times

Mae is due to make a payment of $1300 now. Instead, she has negotiated two equal payments, one year and two years from now. Determine the size of the equal payments if money is worth 8% compounded quarterly.