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ane was due to make loan payments of $ 1 2 0 4 seven months ago, $ 3 3 8 9 three month ago, and

ane was due to make loan payments of $1204 seven months ago, $3389 three month ago, and $ 729 in four months. Instead, she is to make a single payment today. If money is worth 4.4% and the agreed focal date is today, what is the size of the replacement payment?
Three separate calculations have to be made. Use the future value formula for the two payments that were due before the focal date. Use the present value formula for the payment that is due in the future. The two formulas are given below, where P is the present value, S is the future value, r is the rate of interest(expressed as a decimal), and t is the time in years.

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