A payment of $12,850 is due in 2 year, $20,000 is due in 5 years, and $8,250 is due in 7 years. What single equivalent payment made today would replace the three original payments? Assume that money earns 5.25% compounded monthly.A payment of $12,850 is due in 2 year, $20,000 is due in 5 years, and $8,250 is due in 7 years. What single equivalent payment made today would replace the three original payments? Assume that money earns 5.25% compounded monthly.A payment of $12,850 is due in 2 year, $20,000 is due in 5 years, and $8,250 is due in 7 years. What single equivalent payment made today would replace the three original payments? Assume that money earns 5.25% compounded