Question: Chapter 7 - Equivalent Values Find the equivalent replacement payments indicated for each of the following scheduled payments. Original scheduled payments = $378 due 3

Chapter 7 - Equivalent Values Find the equivalent replacement payments indicated for each of the following scheduled payments. Original scheduled payments = $378 due 3 months ago, and $487 due in 2 months. Replacement payments = $560 today, and the balance due in 8 months. Find the balance due. Focal Date = Today Interest rate = 7.3% (Do not include the $ sign in your answer.)

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