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(1 point) An original debt required payments of $3000 due in 6 months as well as $5000 due in 11 months. Instead, it is agreed
(1 point) An original debt required payments of $3000 due in 6 months as well as $5000 due in 11 months. Instead, it is agreed that a payment of X dollars, made in 5 months, followed by a payment of $4000 in 12 months, will replace the original set of debt payments. Using 1 1 months as the focal date, what is X if the simple interest rate on the loan is r-11%? Answer:$
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