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John was suppose to pay Amy $5100 6 months ago, and $1560, 5 months ago from now. if he wants to reschedule these payments with
John was suppose to pay Amy $5100 6 months ago, and $1560, 5 months ago from now. if he wants to reschedule these payments with two payments, one payment of $3700 today and the balance 3 months from now, calculate the balance amount. Assume that the simple interest charged is 6.75% p.a. and the agreed focal date is 3 months from now.
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