Scheduled payments of $919, $1394, and $333 are due in one year, four-and-a-half years, and five-and-a-half years
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Scheduled payments of $919, $1394, and $333 are due in one year, four-and-a-half years, and five-and-a-half years respectively. What is the equivalent single replacement payment three years from now if interest is 9.9% compounded annually ?
The equivalent single replacement payment is $?
Related Book For
Fundamentals of Physics
ISBN: 978-0471758013
8th Extended edition
Authors: Jearl Walker, Halliday Resnick
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