Question: I got 927.30, is that correct? Please give me a detailed solution on paper. Find the equivalent replacement payments for the following scheduled payment. Original

I got 927.30, is that correct? Please give me a detailed solution on paper.

Find the equivalent replacement payments for the following scheduled payment. Original Replacement Focal date Rate Scheduled Payment Payment $900 due seven months ago In full Today 5.2% The equivalent replacement payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as need

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