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Scheduled payments of $265, $466, and $423 are due in one-and-a-half years, four years, and six years respectively. What is the equivalent single replacement payment
Scheduled payments of
$265,
$466,
and
$423
are due in
one-and-a-half
years,
four
years, and
six
years respectively. What is the equivalent single replacement payment
two-and-a-half
years from now if interest is
5.6%
compounded semi-annually?
The equivalent single replacement payment is
$nothing.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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