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CSL Ltd has debts of $45,000 due in two years time and $230,000 due in seven years time. Given an interest rate of 6.12% p.a.

CSL Ltd has debts of $45,000 due in two years time and $230,000 due in seven years time. Given an interest rate of 6.12% p.a. compounding monthly, what single payment five years from today would extinguish both obligations?

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