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Christine was supposed to pay Tyler $6,200 6 months ago and $2,040 in 5 months. If she wants to repay this amount with two payments
Christine was supposed to pay Tyler $6,200 6 months ago and $2,040 in 5 months. If she wants to repay this amount with two payments of $2,600 today and the balance amount in 3 months, calculate the balance amount. Assume interest is 3.60% p.a. and the agreed focal date is 3 months from now.
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