Find the equivalent replacement payments indicated for each of the following scheduled payments. Original scheduled payments = $1,733 due 20 days ago. Replacement payments = Three equal payments due today, in 26 days, and in 59 days. Focal Date = Today. Interest rate 9.9% Find the value of the three equal payments. (Do not include the $ sign in your answer.)

Find the equivalent replacement payments indicated for each of the following scheduled payments. Original scheduled payments = $1,733 due 20 days ago. Replacement payments = Three equal payments due today, in 26 days, and in 59 days. Focal Date = Today. Interest rate 9.9% Find the value of the three equal payments. (Do not include the $ sign in your answer.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 31P

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