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A customer of Lend - 4 - Less, a loan agency, has not been making their agreed upon payments. The payment ter originally consisted of
A customer of LendLess, a loan agency, has not been making their agreed upon payments. The payment ter originally consisted of a $ payment due eleven months ago, a $ payment due eight months ago, and a payment due three months ago. They have refinanced the loan and will repay it with a single equivalent paym months from now. Interest is compounded semiannually on all outstanding debts. What is the size of thi equivalent payment?
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