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A debt of $1500 due in ve years and $2000 due in seven years is to be repaid by a payment of $2000 now and

A debt of $1500 due in ve years and $2000 due in seven years is to be repaid by a payment of $2000 now and a second payment at the end of three years. How much should the second payment be if interest is at 3% compounded annually?

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