(i)\ Payments of

$5000

due four months ago and

$3000

due two months from now are to be replaced by a payment of

$4000

today and a second payment in months. What must the second payment be in order to make the replacement payment stream equivalent to the scheduled payment stream? Money in sho investments can earn

5%

simple interest. Use six months from now as the focal date.\

$4340.58

\ 33075\ 34000\

$37623

Payments of $5000 due four months ago and $3000 due two months from now are to be replaced by a payment of $4000 today and a second payment in months. What must the second payment be in order to make the replacement payment stream equivalent to the scheduled payment stream? Money in sho investments can earn 5% simple interest. Use six months from now as the focal date. Muliple Choice $4340.58 $3075 34000 $37623