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colin is due to pay $9000 in five years. If she makes three equal payments, in...

colin is due to pay $9000 in five years. If she makes three equal payments, in 20 months, 30 months, and 5 years from today, what is the size of the equal payments if money is worth 5.16% compounded monthly?

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Answer #1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

HERE WE HAVE TO FIND FUTURE VALUE OF ALL 3 "X" WHICH WILL BE EQUAL TO 9000

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