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In one year you will receive $ 1 , 2 0 0 . In two years you will receive $ 1 , 5 0 0

In one year you will receive $1,200.
In two years you will receive $1,500.
The discount rate is 6%.
What is the sum of the present value of the payments?
Round your answer to the nearest penny (two decimal points)
Do not use the dollar sign.
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