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What is the equivalent single replacement payment

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Question: Scheduled payments of ?$1167?, ?$574?, and ?$244 are due in one year?, four-and-a-half ?years, and five-and-a-half years respectively. What is the equivalent single replacement payment three years from now if interest is 3.8% compounded? The response must be typed, double spaced, times new roman, font size 12 and must follow APA format.

Reference no: EM132758105

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