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Three payments are scheduled as follows $ 1 3 5 0 is due today $ 1 0 5 0 is due in five months and

Three payments are scheduled as follows $1350 is due today $1050 is due in five months and 1800 is due in eight months the three payments are to be replaced by single equivalent payment due 10 months from now what should the payment be if money is worth 4.0% used 10 months from now as the focal date

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