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Payments of $200 due 6 months ago and $1,100 due 6 months from now are to be replaced by one equivalent payment four months

Payments of $200 due 6 months ago and $1,100 due 6 months from now are to be replaced by one equivalent payment four months from now. What is the size of this payment if money can earn 8% simple interest. Round your answer to two decimals. Do not round intermediate steps. Do not include tho dollar cig

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