SOLUTION: plzz help me for this problem What single amount, paid three years from now, would be economically equivalent to the combination of $1700 due today and $2100 due in five years i

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Question 1021558: plzz help me for this problem
What single amount, paid three years from now, would be economically equivalent to the combination of $1700 due today and $2100 due in five years if funds can be invested to earn 8% compounded quarterly? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Single amount $

Answer by robertb(5830) About Me  (Show Source):
You can put this solution on YOUR website!
The single amount would be 1700%281%2B0.08%2F4%29%5E%284%2A3%29+%2B+2100%281%2B0.08%2F4%29%5E%28-4%2A2%29
=1700%2A1.02%5E12+%2B+2100%2A1.02%5E-8+
=$3,948.34