Question: 2. What three equal payments, one in 2 years, one in 5 years, and one in 7 years would replace one single payment of $31,000

2. What three equal payments, one in 2 years, one in 5 years, and one in 7 years would replace one single payment of $31,000 due today at an interest rate of 4.17% compounding quarterly?

Round to the nearest cent

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