Three payments are scheduled as follows - Three payments...

Three payments are scheduled as follows: $1,200 is due today, $940 is due in five
months, and $1,530 is due in eight months. The three payments are to be replaced
by a single equivalent payment due ten months from now.
What should the payment be if money is worth 5.9%? Use ten months from now as
the focal date. (Do not round your intermediate calculations and round the final
answer to 2 decimal places.)
A $9,700 loan is to be repaid in three equal payments occurring 68, 180, and 300
days, respectively, after the date of the loan.