A payment stream consists of three payments: $1,900 due today, $2,400 due 80 days from today, and $2,900 due 180 days from today. What single payment, 70 days from today, is economically equivalent to the payment stream if money can be invested at a rate of 4.4%? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.) Single payment $

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A: Present value formula:

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A: Given: A = 7400 r = 9.77% = 0.0977 t = 11