A loan payment of $1200.00 was due 40 days ago and another payment of $800.00 is due 60 days from now. What single payment 110 days from now will pay off the two obligations if interest is to be 6% and the agreed focal date is 110 days fromnow?

The value of the payment is $

.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)

A loan payment of $1200.00 was due 40 days ago and another payment of $800.00 is due 60 days from now. What single payment 110 days from now will pay off the two obligations if interest is to be 6% and the agreed focal date is 110 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.)