What is the equivalent single replacement payment


Scheduled payments of ?$1245, ?$861 and ?$439 are due in one year?, four and a half ?years, and five years respectively. What is the equivalent single replacement payment two-and-a-half years from now if interest is 2.4 % compounded annually question mark?

What is the equivalent single replacement payment?

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Finance Basics: What is the equivalent single replacement payment
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