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2 A debt of $5485 is to be settled by two equal payments due in 1 months and 8 months respectively. Determine the amount of

2 A debt of $5485 is to be settled by two equal payments due in 1 months and 8 months respectively. Determine the amount of the equal payments if money is worth 7% compounded monthly and the focal date is today. Please express your answer to the nearest dollar. Sample input: 2456 for $2456

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