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A payment stream consists of three payments: $2,200 due today, $2,700 due 90 days from today, and $3,200 due 210 days from today. What single
A payment stream consists of three payments: $2,200 due today, $2,700 due 90 days from today, and $3,200 due 210 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 4.7%? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.)
Single payment =
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