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What single payment today would replace a payment of $850 in 2 years and a payment of $5,400 in 5 years if the interest rate

image text in transcribed What single payment today would replace a payment of $850 in 2 years and a payment of $5,400 in 5 years if the interest rate is 4.85% compounded semi-annually? Round to the nearest cent

What single payment today would replace a payment of $850 in 2 years and a payment of $5,400 in 5 years if the interest rate is 4.85% compounded semi-annually? Round to the nearest cent

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