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Jenny plans to pay off a debt by payment of $3000.00 fifteen months from now, $4000.00 eighteen months from now, and $5000.00 thirty months from
Jenny plans to pay off a debt by payment of $3000.00 fifteen months from now, $4000.00 eighteen months from now, and $5000.00 thirty months from now. Determine the single payment now that would settle the debt if money is worth 4.2% per year compounded monthly. (Round your answer to the nearest cents)
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