## Math Problem Statement

What single payment today would replace a payment of $1,700.00 in 1 years and a payment of $3,900.00 in 5 years if the interest rate is 3.65% compounded quarterly?

## Solution

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## Math Problem Analysis

### Mathematical Concepts

Compound Interest

Present Value Calculation

Time Value of Money

### Formulas

Present Value formula: PV = F / (1 + r/n)^(nt)

### Theorems

Compound Interest Theorem

### Suitable Grade Level

College Level / Advanced High School

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