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A debt of $ 5 7 0 0 is due, with interest at j 4 = 8 % , in three years. It is agreed
A debt of $ is due, with interest at j in three years. It is agreed instead
that the loan will be repaid with a payment of $X in one year and $ in two years. If money is
worth j what is the value of X Round the results to two decimal places.
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