Question: Chapter 7 - Equal Payments Find the equivalent replacement payments indicated for each of the following scheduled payments. Original scheduled payments = $1,788 due today.

Chapter 7 - Equal Payments Find the equivalent replacement payments indicated for each of the following scheduled payments. Original scheduled payments = $1,788 due today. Replacement payments = Two equal payments in 5 and 8 months. Focal Date = Today Interest rate = 8.7% (Do not include the $ sign in your answer.) 5541.42 Check

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