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Payment stream consists of three payments

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A payment stream consists of three payments: $1,500 due today, $2,000 due 100 days from today, and $2,500 due 260 days from today. What single payment, 90 days from today, is economically equivalent to the payment stream if money can be invested at a rate of 4%? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.)

Reference no: EM132433826

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