Question: 3. Compound Interest (Pt 1) Saved Help Save & Exit S A $5600 payment due 112 years ago has not been paid. If money can

 3. Compound Interest (Pt 1) Saved Help Save & Exit S

3. Compound Interest (Pt 1) Saved Help Save & Exit S A $5600 payment due 112 years ago has not been paid. If money can earn 3.55% compounded annually, what amount paid 2 1/2 years from now would be the economic equivalent of the missed payment? (Round your answer to 2 decimal places.) Equivalent payment $

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