A payment stream consists of three payments: $2,500 due today,$3,000 due 100 days from today, and $3,500 due 240 days from today.What single payment, 80 days from today, is economically equivalentto the payment stream if money can be invested at a rate of 5%?(Use 365 days a year. Do not round intermediate calculations andround your final answer to 2 decimal places.)

Answer rating: 100% (QA)

To find the single payment that is economically equivalent to the payment stream we need to ca... View the full answer