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What single payment six months from now would be economically equivalent to payments of $650 due (but not paid) four months ago, and $950 due
What single payment six months from now would be economically equivalent to payments of $650 due (but not paid) four months ago, and $950 due in 12 months? Assume money can earn 3.7% compounded monthly. (Round your intermediate calculations and final answer to the nearest cent.) Equivalent payment
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