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A loan payment of $1100.00 was due 10 days ago and another payment of $900.00 is due 40 days from now. What single payment 90
A loan payment of $1100.00 was due 10 days ago and another payment of $900.00 is due 40 days from now. What single payment 90 days from now will pay off the two obligations if interest is to be 6% and the agreed focal date is 90 days from now? The value of the payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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