2. A contract requires payments of $4643.00 today, $3671.00 in 3 years, and $4555.00 in...
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2. A contract requires payments of $4643.00 today, $3671.00 in 3 years, and $4555.00 in 4 years. When can the contract be fulfilled by a single payment equal to the sum of the required payments if money is worth 8% p.a-compounded quarterly? State your answer in years and months (from O to 11 months) The contract can be fulfiled in year(s) and month(s)
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