A woman borrowed 3000 to be paid after 1 12 years with inter

A woman borrowed $3000 to be paid after 1 1/2 years with interest at 12% compounded semiannually and $5000 to be paid after 3 years at 12% compounded monthly. What single payment must she pay after 3 1/2 years at an interest rate of 16% compounded quarterly to settle the two obligations? ANS= 12627.59 (?)

3000 [(1+0.12/2)^{(2 *1.5)}] (1+0.16/4)^{(4 * 2)} = 4889.99
5000[(1+0.12/12)^{(12 * 3)}] (1+0.16/4)^{(4 * 0.5)} = 7737.60

Total = 4889.96 + 7737.60 = 12627.59

A woman borrowed $3000 to be paid after 1 1/2 years with interest at 12% compounded semiannually and $5000 to be paid after 3 years at 12% compounded monthly. W

A woman borrowed 3000 to be paid after 1 12 years with inter

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