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Scheduled payments of $873, $586, and $1297 are due in one year, four years, and five years respectively. What is the equivalent single replacement payment
Scheduled payments of $873, $586, and $1297 are due in one year, four years, and five years respectively. What is the equivalent single replacement payment two years from now if interest is 2.4% compounded quarterly?
The equivalent single replacement payment is $
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