Scheduled payments of $794, $725, and $632 are due in one-and-a-half years, four years, and six...
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Scheduled payments of $794, $725, and $632 are due in one-and-a-half years, four years, and six years respectively. What is the equivalent single replacement payment two years from now if interest is 2.6% compounded semi-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.) Scheduled payments of $794, $725, and $632 are due in one-and-a-half years, four years, and six years respectively. What is the equivalent single replacement payment two years from now if interest is 2.6% compounded semi-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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