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Debt payments of $ 1 , 7 5 0 and $ 1 , 3 0 0 are due in five months and nine months, respectively.

Debt payments of $1,750 and $1,300 are due in five months and nine months, respectively. What single payment is required to settle both debts in one month? Assume a simple interest rate of 4.70% p.a. and use one month from now as the focal date.
Round to the nearest cent
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