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A person is paying back his friend's money of $500 with an interest of 2.5% compounded semiannually which due in three years and another $750
A person is paying back his friend's money of $500 with an interest of 2.5% compounded semiannually which due in three years and another $750 with an interest of 3% compounded annually which due in six years. If the person is going to pay off by a single payment at the end of five years, find the amount of the payment if money is worth 1.5% compounded monthly
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