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Enabled: Term Exam 2 covering chapters 7 , 8 , 9 and 1 0 ( i ) Three payments are scheduled as follows: $ 2

Enabled: Term Exam 2 covering chapters 7,8,9 and10(i)
Three payments are scheduled as follows: $2,200 is due today, $1,900 is due in five months, and $3,500 is due in eight months. The three payments are to be replaced by a single equivalent payment due ten months from now.
What should the payment be if money is worth 6.0%? Use ten months from now as the focal date. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
39 Payment
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