Two payments of $10 000 each must be made one year and four years from...
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Finance
Two payments of $10 000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?
Select one:
A.
$8358
B.
$19 296
C.
$11 964
D.
$22 902
E.
$10 938
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