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Cameron was supposed to pay Sarah $4,600 6 months ago and $980 in 5 months. If he wants to repay this amount with two payments
Cameron was supposed to pay Sarah $4,600 6 months ago and $980 in 5 months. If he wants to repay this amount with two payments of $3,400 today and the balance amount in 4 months, calculate the balance amount. Assume interest is 3.30% p.a. and the agreed focal date is 4 months from now.
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