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A friend owes you $500 in 1 year from now, and then $1000 2 years from now. Both loans are at 5%. If you want

A friend owes you $500 in 1 year from now, and then $1000 2 years from now. Both loans are at 5%. If you want to replace both of these loans with ONE PAYMENT NOW, how much would your friend give you

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