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undefined Question Help Find the equivalent replacement payments for the following scheduled payments. Original Scheduled Payment Replacement Payment Focal date Rate At an interest rate
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Question Help Find the equivalent replacement payments for the following scheduled payments. Original Scheduled Payment Replacement Payment Focal date Rate At an interest rate of 9%, $2200 is due in 4 months. Three equal payments due One year 14% At an interest rate of 7%, in 4, 12, and 16 months from today $1400 is due in 2 years. The size of the equal payments is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Question Help Find the equivalent replacement payments for the following scheduled payments. Original Scheduled Payment Replacement Payment Focal date Rate At an interest rate of 9%, $2200 is due in 4 months. Three equal payments due One year 14% At an interest rate of 7%, in 4, 12, and 16 months from today $1400 is due in 2 years. The size of the equal payments is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)Step by Step Solution
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