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A payment stream consists of three payments: $1,200 due today, $1,700 due 70 days from today, and $2,200 due 230 days from today. What single

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A payment stream consists of three payments: $1,200 due today, $1,700 due 70 days from today, and $2,200 due 230 days from today. What single payment, 60 days from today, is economically equivalent to the payment stream if money can be invested at a rate of 3.7%? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.) Single payment $ Kathleen has a $700 loan payment due in five months. What amount of money should she be able to pay today if the interest on her loan is 4.75% per annum? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Equivalent amount $

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