Question: A $ 5 4 0 0 payment due 2 1 / 2 years ago has not been paid. If money can earn 3 . 4

A $5400 payment due 21/2 years ago has not been paid. If money can earn 3.45% compounded annually, what amount paid 31/2 years from now would be the economic equivalent of the missed payment? (Round your answer to 2 decimal places.)

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