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Scheduled payments of $332, $1395, and $1435 are due in one-and-a-half years, three-and-a-half years, and five years respectively. What is the equivalent single replacement payment
Scheduled payments of $332, $1395, and $1435 are due in one-and-a-half years, three-and-a-half years, and five years respectively. What is the equivalent single replacement payment three years from now if interest is 2.9% compounded annually? The equivalent single 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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