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A payment stream consists of $ 2 , 8 0 0 payable today and $ 4 . 2 0 0 payable in 2 3 months.

A payment stream consists of $2,800 payable today and $4.200
payable in 23 months. What is the equivalent value of the payment stream 8 months from now if money is worth 3.30% annual simple interest? Draw a time diagram for the question and label the focal date. Show your work.
Round your final answer to two decimals.

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