Question: Find the equivalent single replacement payment on the given focal date for the following situation. Scheduled Payment Int. Rate Frequency of Conversion Focal Date $

Find the equivalent single replacement payment on the given focal date for the following situation.
Scheduled Payment
Int. Rate
Frequency of Conversion
Focal Date
$5500 due in seven years
8%
semi dash annually
two years from now
Question content area bottom
Part 1
The equivalent payment is $
enter your response here.

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