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A loan is set to be paid with a payment of $ 3 5 0 today and $ 5 1 5 in 1 0 months
A loan is set to be paid with a payment of $ today and $ in months at interest compounded semiannually. Due to insufficient funds, the payments are refinanced. A first payment of $ will be made in months and a final payment in months. What is the size of the final payment? Use the partial timeline below to help you. State your answer in dollars $ with two decimal places.
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