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Joseph was supposed to pay Carlos $5,900 6 months ago and $1,280 in 5 months. If he wants to repay this amount with two payments

Joseph was supposed to pay Carlos $5,900 6 months ago and $1,280 in 5 months. If he wants to repay this amount with two payments of $3,900 today and the balance amount in 3 months, calculate the balance amount. Assume interest is 5.20% p.a. and the agreed focal date is 3 months from now.

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