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Scheduled payments of $1007, $1071, and $805 are due in one year, three-and-a-half years, and five years respectively. What is the equivalent single replacement payment
Scheduled payments of $1007, $1071, and $805 are due in one year, three-and-a-half years, and five years respectively. What is the equivalent single replacement payment two-and-a-half years from now if interest is 2.6% compounded semi-annually?
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