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Three payments are scheduled as follows. $ 2 . 0 5 0 is due today. $ 1 7 5 0 is due in five months,

Three payments are scheduled as follows. $2.050 is due today. $1750 is due in five months, and $3.200 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 6.0%? 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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