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a) Two debts, the first of $1700 due 9 months ago and the second of $800 borrowed 1 year ago for a term of 4

a) Two debts, the first of $1700 due 9 months ago and the second of $800 borrowed 1 year ago for a term of 4 years at 10 % compounded annually, are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 8.8% compounded quarterly and the focal date is one year from now. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

The size of the replacement payment is $ ____

b) How long will it take $1748 to accumulate to $1874 at 3% p.a. compounded monthly? State your answer in years and months (from 0 to 11 months).

please provide year and month.

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