Scheduled payments of $300, $400, and $800 are due in one-and-a-half years, four-and-a-half years, and five years respectively. What is the equivalent single replacement payment two-and-a-half years...


Scheduled payments of<br>$300,<br>$400,<br>and<br>$800<br>are due in<br>one-and-a-half years,<br>four-and-a-half years, and five years<br>respectively.<br>What is the equivalent single replacement<br>payment two-and-a-half years from now if<br>interest is 4.8%<br>compounded<br>

Extracted text: Scheduled payments of $300, $400, and $800 are due in one-and-a-half years, four-and-a-half years, and five years respectively. What is the equivalent single replacement payment two-and-a-half years from now if interest is 4.8% compounded

Jun 11, 2022
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