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A payment of $11,125 is due in 2 year, $17,500 is due in 4 years, and $9,000 is due in 6 years. What single equivalent

A payment of $11,125 is due in 2 year, $17,500 is due in 4 years, and $9,000 is due in 6 years. What single equivalent payment made today would replace the three original payments? Assume that money earns 4.75% compounded monthly

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