hat equal payments in 3 years and 5 years would replace payments of $42,500 and $92,500 in 7 years and 8 years, respectively? Ass

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
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4. What equal payments in 3 years and 5 years would replace payments of $42,500 and $92,500 in 7 years and 8 years, respectively? Assume money can earn 4.92% compounded monthly. Round to the nearest cent
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