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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 $5700 is due, with interest at j4=8%, in three years. It is agreed instead
that the loan will be repaid with a payment of $X in one year and $3000 in two years. If money is
worth j2=4%, what is the value of X? Round the results to two decimal places.

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