If money earns 8.76% compounded quarterly, what single payment in three years would be equivalent to a payment of $3,630

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answerhappygod
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If money earns 8.76% compounded quarterly, what single payment in three years would be equivalent to a payment of $3,630

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If money earns 8.76% compounded quarterly, what single payment
in three years would be equivalent to a payment of $3,630 due three
years ago, but not paid, and $450 today? Please include a
well-labelled timeline diagram. Full solutions should be shown on
separate sheets of paper. Submit your solutions.
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