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2) Two debts, the first for $4000 due 3 and a half months ago, the second for $1000 due in 400 days, are to be
2) Two debts, the first for $4000 due 3 and a half months ago, the second for $1000 due in 400 days, are to be paid by a single payment 1 year from today. How much is the single payment if money is worth 2% p.a. and the agreed focal date is 30 days from now? (You will get a mark for drawing the timeline.)
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