question archive A payment stream consists of three payments: $2,500 due today, $3,000 due 100 days from today, and $3,500 due 240 days from today
A payment stream consists of three payments: $2,500 due today, $3,000 due 100 days from today, and $3,500 due 240 days from today
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A payment stream consists of three payments: $2,500 due today, $3,000 due 100 days from today, and $3,500 due 240 days from today. What single payment, 80 days from today, is economically equivalent to the payment stream if money can be invested at a rate of 5%? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.)
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