Scheduled payments of $1362, $718, and $1145 are due in one-and-a-half years, three-and-a-half years, and...
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Scheduled payments of $1362, $718, and $1145 are due in one-and-a-half years, three-and-a-half years, and five-and-a-half years respectively. What is the equivalent single replacement payment two-and-a-half years from now if interest is 5.8% compounded quarterly? The equivalent single replacement payment is $ . (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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