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Frank had originally promised to pay Jane $1,000 3 months ago, $1,450 today and $1,500 7 months from now. Frank missed his first payment and

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Frank had originally promised to pay Jane $1,000 3 months ago, $1,450 today and $1,500 7 months from now. Frank missed his first payment and both parties have agreed to a new deal. Frank will now make two equal payments - one today and the remainder in 3 months. Calculate each payment using an interest rate of 7.05% compounded monthly. Round your answer to 2 decimals. Your

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