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Joey will clear his debt by making a payment of $5000 in 11 months, at a simple interest rate of 6.5% and a payment of
Joey will clear his debt by making a payment of $5000 in 11 months, at a simple interest rate of 6.5% and a payment of $5000 in 18 months, at a simple rate interest rate of 7.5%. If the focal date is today, what single payment can he make today to clear both of his debts?
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