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A loan payment of $1200 was due 2 months ago(before focal date) and another payment of $1200 is due in 3 months from now .
A loan payment of $1200 was due 2 months ago(before focal date) and another payment of $1200 is due in 3 months from now . What single payment will pay off the two obligation today if interest is to be 14% and the agreed focal date is today? ( give your answer in nearest whole number without any decimal point.
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