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A payment of $ 1 4 , 7 7 0 is due in 2 year, $ 1 8 , 5 0 0 is due in

A payment of $14,770 is due in 2 year, $18,500 is due in 5 years, and $8,700 is due in 6 years. What single equivalent payment made today would replace the three original payments? Assume that money earns 4.50% compounded monthly.

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