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A friend has missed two bill payments. The first was for $ 3 7 8 2 seven months ago and the second was for $
A friend has missed two bill payments. The first was for $ seven months ago and the second was for $ last month. The lender is willing to accept $ one month from now and a second payment in full six months from now. If the agreed upon interest rate is compounded monthly, what is the amount of the second payment?
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