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k # 2 ( Week # 2 ) Question 3 , 7 . 5 . 6 HW Score: 2 0 % , 1 of 5

k #2(Week #2)
Question 3,7.5.6
HW Score: 20%,1 of 5 polints
Points: 0 of 1
Jane was due to make loan payments of $1200 seven months ago, $3404 four month ago, and $672 in five months. Instead, she is to make a single payment today. If money is worth 8.9% and the agreed focal date is today, what is the size of the replacement payment?
The replacement payment is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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