Question: Find the equivalent single replacement payment on the given focal date for the following situation. Scheduled Payment: $4800 Int Rate: 3% Frequency of Conversion: annually

Find the equivalent single replacement payment on the given focal date for the following situation.

Scheduled Payment: $4800

Int Rate: 3%

Frequency of Conversion: annually

Focal Date: 4 years from now

Select one:

a.$4,522.78

b.$4,526.88

c.$4,520.48

d.$4,524.46

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