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1 . Jordan is involved in debt consolidation after his lawn care business failed. He was previously scheduled to pay three payments on his financed

1. Jordan is involved in debt consolidation after his lawn care business failed. He was previously scheduled to pay three payments on his financed lawn care equipment of $1,550.75 in 3,6, and 9 months from today. During debt consolidation, the debt counsellor has arranged for Jordan to make a payment of $2000 in 1 year and a final payment in 18 months. Determine the value of the final payment Jordan's counsellor negotiated with his lender if interest is 6.7% p.a. simple interest. Use a focal date of 18 months.

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