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John was supposed to pay Andrew $3,900 6 months ago and $1,200 in 5 months. If he wants to repay this amount with two payments
John was supposed to pay Andrew $3,900 6 months ago and $1,200 in 5 months. If he wants to repay this amount with two payments of $2,200 today and the balance amount in 3 months, calculate the balance amount. Assume interest is 6.00% p.a. and the agreed focal date is 3 months from now
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