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Scheduled payments of $600, $800, and $1200 are due in one year, three years, and six years respectively. What is the equivalent single replacement payment two-and-a-half years from now if the interest is 7.5% compounded monthly?

 

Any help would be great thanks.

 Nov 13, 2015
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The replacement value of the 3 payments 2 1/2 years from now is=$2,365.56

 Nov 13, 2015

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