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Find the equivalent replacement payments for the following scheduled payments. Original Scheduled Payment Replacement Payment Focal date Rate At an interest rate of 5%, $1400

Find the equivalent replacement payments for the following scheduled payments.

Original Scheduled Payment

Replacement Payment

Focal date

Rate

At an interest rate of 5%,

$1400 is due in 7 months.

At an interest rate of 8%,

$1900 is due in 2 years.

Three equal payments due in 7, 12, and 18 months

One year from today

13%

The size of the equal payments is $

.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)

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