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Christopher was supposed to pay Mark $4,3006 months ago and $2,120 in 5 months. If he wants to repay this amount with two payments of

Christopher was supposed to pay Mark

$4,3006

months ago and

$2,120

in 5 months. If he wants to repay this amount with two payments of

$3,600

today and the balance amount in 3 months, calculate the balance amount. Assume interest is

4.60%

p.a. and the agreed focal date is 3 months from now.\ Round to the nearest cent.

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