Question: Calculate the single equivalent payment today that would replace three payments of $12,625, $18,000, and $7,650, in 2 year, 5 years, and 6 years respectively,
Calculate the single equivalent payment today that would replace three payments of $12,625, $18,000, and $7,650, in 2 year, 5 years, and 6 years respectively, if money is earning interest at a rate of 5.40% compounded monthly? $0.00 Round to the nearest cent
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