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Compute what is the size of the replacement? payment

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Problem 1: Jane was due to make loan payments of ?$1589 eight months? ago, ?$3987 five month? ago, and $538 in four months.? Instead, she is to make a single payment today. If money is worth 6.2% and the agreed focal date is?today, what is the size of the replacement? payment?

Reference no: EM132684812

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