Question: Find the equivalent single replacement payment on the given focal date for the following situation Frequency of Scheduled Payment Int. Rate Conversion Focal Date $6400

Find the equivalent single replacement payment on the given focal date for the following situation Frequency of Scheduled Payment Int. Rate Conversion Focal Date $6400 due in nine years 6% semi-annually four years from now The equivalent payment is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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