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 answer-question

Fundamentals of Physics

ISBN: 978-0471758013

8th Extended edition

Authors: Jearl Walker, Halliday Resnick

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Posted Date: Apr 30, 2019 09:02 AM

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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

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Fundamentals of Physics

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