Scheduled payments of $ 1245, $ 861 and $ 439 are due in one year , four
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Scheduled payments of $1245, $861 and $439 are due in one year, four 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 2.4 % compounded annually question mark?
What is the equivalent single replacement payment ?
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