What equal payments in 2 years and 4 years would replace payments of $50,000 and...
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What equal payments in 2 years and 4 years would replace payments of $50,000 and $87,500 in 7 years and 8 years, respectively? Assume money can earn 3.18% compounded semi-annually. If the accumulated value of an investment that is growing at 3.32% compounded monthly is $71,975.67, and the interest earned on this investment is $9,975.67, calculate the time period of this investment
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