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Find the equivalent replacement payments for the following scheduled payment. Original Scheduled Payment Replacement Payment Focal date Rate $2000 due 27 days ago Three equal
Find the equivalent replacement payments for the following scheduled payment.
Original Scheduled Payment | Replacement Payment | Focal date | Rate |
$2000 due27 days ago | Three equal payments due today, in 27 days, and in67 days | Today | 8% |
The size of the equal payments is
$nothing.
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