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A payment of $2,320 is due in 45 days and another payment of $1,000 is due in 220 days. Calculate the single equivalent payment to

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A payment of $2,320 is due in 45 days and another payment of $1,000 is due in 220 days. Calculate the single equivalent payment to be made in 70 days to settle the two payments if money earns 4.66% p.a. (Hint: use 70 days from now as the focal date.) $

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