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2. A loan payment of $9,550 was due 45 days ago and a payment of $6000 is due in 90 days. What single payment made

2. A loan payment of $9,550 was due 45 days ago and a payment of $6000 is due in 90 days. What single payment made 30 days from now is required to settle the two payments if interest is 5% and the agreed focal date 30 days from now? [13 marks]

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