Question: mathematics question What single payment 6 months from now would be economically equivalent to payments of $550 due (but not paid) four months ago and

mathematics question

What single payment 6 months from now would be economically equivalent to payments of $550 due (but not paid) four months ago and $850 due in 12 months? Assume money can earn 2.5% compounded monthly. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Equivalent payment $

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