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A contractual arrangement requires payments of $10,000 on 7 October 2019 and $7,000 on 7...

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Accounting

A contractual arrangement requires payments of $10,000 on 7 October 2019 and $7,000 on 7
October 2024. What is an equivalent single amount payable on 7 October 2026 at an interest rate
of 12% p.a. compounding quarterly?
$22,879.28
$21,535.09
$29,879.28
$31,746.67
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