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Cody was supposed to pay Christopher $ 4 , 8 0 0 6 months ago and $ 1 , 2 2 0 in 5 months.

Cody was supposed to pay Christopher $4,8006 months ago and $1,220 in 5 months. If he wants to repay this amount with two payments, one today of $2,600 and the balance amount in 3 months, calculate the balance amount. Assume interest is 2.70% p.a. and the agreed focal date is 3 months from now.
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