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Diana had to make a payment of $1,500 in 10 months and $1,200 in 17 months, to a raw material supplier. What single payment in
Diana had to make a payment of $1,500 in 10 months and $1,200 in 17 months, to a raw material supplier. What single payment in 4 months would settle both these payments? Assume a simple interest rate of 6.25% p.a. and use 4 months from now as the focal date.
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