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Find the equivalent replacement payments for the following scheduled payment. Original Replacement Focal date Rate Scheduled Payment Payment $1100 due ten months ago In full

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Find the equivalent replacement payments for the following scheduled payment. Original Replacement Focal date Rate Scheduled Payment Payment $1100 due ten months ago In full Today 7.2% The equivalent replacement payment is 5 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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