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Jane was due to make loan payments of $1265 ten months ago, $4975 four month ago, and $491 in three months. Instead, she is to
Jane was due to make loan payments of $1265 ten months ago, $4975 four month ago, and $491 in three months. Instead, she is to make a single payment today. If money is worth 8.7% and the agreed focal date is today, what is the size of the replacement payment? The replacement payment is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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