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Debt payments of $2,850 and $2,750 are due in six months and nine months, respectively. What single payment is required to settle both debts in
Debt payments of $2,850 and $2,750 are due in six months and nine months, respectively. What single payment is required to settle both debts in one month? Assume a simple interest rate of 4.30% p.a. and use one month from now as the focal date.
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