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A payment of $5,050 was due 6 months ago and another payment of $3,930 is due in 12 months. Assuming an interest rate of 4.4%

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A payment of $5,050 was due 6 months ago and another payment of $3,930 is due in 12 months. Assuming an interest rate of 4.4% p.a., determine a single equivalent payment 2 months from now that settles the two payments? (Hint: use 2 months from now as the focal date.) $

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