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Please do it by hand and use the FV formula Please check my answer ($3189.18) and provide a detailed solution preferably by hand Scheduled payments
Please do it by hand and use the FV formula Please check my answer ($3189.18) and provide a detailed solution preferably by hand Scheduled payments of $1167, $1264, and $585 are due in one and a half years, four years, and five and a half years respectively. What is the equivaleng single replacement payment two-and-a half years from now if interest is 9.7% compounded annually? Round the final answer to the nearest cent as needed. Scheduled payments of $1167,51264, and $585 are due in one-and-a-half years, four years, and The equivalent single replacement payment is $ 3189.18 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decim
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