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Debt payments of $ 1 , 0 5 0 and $ 2 , 1 5 0 are due in five months and ten months, respectively.
Debt payments of $ and $ are due in five months and ten months, respectively. What single payment is required to settle both debts in one month? Assume a simple interest rate of pa and use one month from now as the focal date.
Round to the nearest cent
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