6) Loans of $1600.00, $8300.00, and $12100.00 are due now, in four years, and in seven years respectively. What is the equivalent single sum of money due three a nd a half years from now if interest is 10.8% compounded monthly?

Q: xp x + 7^;x | t.

A: Explanation of the solution is given below . ...

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A: