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Three payments are scheduled as follows: $ 1 , 8 5 0 is due today, $ 1 , 5 5 0 is due in five

Three payments are scheduled as follows: $1,850 is due today, $1,550 is due in five months, and $2,800 is due in eight months. The three payments are to be replaced by a single equivalent payment due ten months from now.
What should the payment be if money is worth 7.2%? Use ten months from now as the focal date. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Payment $

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