Question: please help! thank you. A $7000 payment due 112 years ago has not been paid. If money can earn 4.25% compounded annually, what amount paid

please help! thank you.

A $7000 payment due 112 years ago has not been paid. If money can earn 4.25% compounded annually, what amount paid 2 12 years from now would be the economic equivalent of the missed payment? (Round your answer to 2 decimal places.) Equivalent payment

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