Question: nework_Chapter # 8 and 9 Question 11, 9.5.4 HW Score: 78.57%, 11 of 14 points Save O Points: 0 of 1 Scheduled payments of $1427,


nework_Chapter # 8 and 9 Question 11, 9.5.4 HW Score: 78.57%, 11 of 14 points Save O Points: 0 of 1 Scheduled payments of $1427, $1101, and $1441 are due in one year, four years, and six years respectively. What is the equivalent single replacement payment two-and-a-half years from now if interest K is 2.2% compounded annually? The equivalent single replacement payment is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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