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Find the equivalent replacement payments for the following scheduled payment. Original Scheduled Payment $1600 due 31 days ago Replacement Payment Three equal payments due today,

Find the equivalent replacement payments for the following scheduled payment.

Original Scheduled Payment

$1600 due 31 days ago

Replacement Payment

Three equal payments due today, in 31 days, and in 60 days

Focal date

Today

Rate

The size of the equal payments is $ ______ .

(Round the final answer to the nearest cent)

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