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John borrows 800 from Jane at an annual effective rate of interest i . He agrees to pay back 800 after 5 years and 853.31
John borrows 800 from Jane at an annual effective rate of interest i. He agrees to pay back 800 after 5 years and 853.31 after another 5 years. Instead of making the second payment as scheduled, John repays the outstanding balance 2 years after his first payment. What is the amount of John's second payment?
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