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Scheduled payments of $437, $856, and $1183 are due in one year, four years, and five years respectively. What is the equivalent single replacement payment
Scheduled payments of $437, $856, and $1183 are due in one year, four years, and five years respectively. What is the equivalent single replacement payment two-and-a-half years from now if interest is 9.6% compounded semi-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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