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A $2.2 million contract has a 10% Advance payment, amortized at 25%, and a retention of 6%. The Contractor had completed a cumulative value of
A $2.2 million contract has a 10% Advance payment, amortized at 25%, and a retention of 6%. The Contractor had completed a cumulative value of $604,000 worth of work on the project up to the previous month. If the contractor has requested payment for completing $138,000 worth of work this month, how much will this month's payment to the contractor be
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