Math

Marvin was supposed to make three payments of $2000 each—the first one year ago, the second one year from now, and the third three years from now. He missed the first payment and proposes to pay $3000 today and a second amount in two years. If money can earn 4.5% compounded semiannually, what must the second payment be to make the proposed payments equivalent to the scheduled payments

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  1. the answer is do it urself

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    posted by quagmire

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