Finance

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• A debt of $3000 due six years from now is instead to be paid off by three payments: $500 now, $1500 in three years, and a final payment at the end of five years. What would this payment be if an interest rate of 6% compounded annually is assumed?
• A family has a net worth of $156,000 and liabilities of $167,000. What is the amount of their assets?