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A loan payment of $1100.00 was due 30 days ago, and another payment of $700.00 is due 50 days from now. What single payment 90

A loan payment of $1100.00 was due 30 days ago, and another payment of $700.00

is due 50 days from now.

What single payment 90 days from now will pay off the two obligations if interest is to be

9% and the agreed focal date is 90 days from now?

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