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Scheduled payments of $963,$598, and $1209 are due in one-and-a-half years, three-and-a-half
years, and five years respectively. What is the equivalent single replacement payment two years
from now if interest is 5.7% compounded monthly? The equivalent single replacement payment is
$ (Round the final answer to the nearest cent as needed. Round all intermediate values to six
decimal places as needed.)

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Scheduled payments of 963598 and 1209 are due in onean.pdf

  • 1. Scheduled payments of $963,$598, and $1209 are due in one-and-a-half years, three-and-a-half years, and five years respectively. What is the equivalent single replacement payment two years from now if interest is 5.7% compounded monthly? The equivalent single replacement payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)