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K Scheduled loan payments of $1477 due in 6 months and $643 due in 24 months are rescheduled as a payment of $1325 due in
K Scheduled loan payments of $1477 due in 6 months and $643 due in 24 months are rescheduled as a payment of $1325 due in 33 months and a second payment due in 45 months. Determine the size of the second payment if interest is 1.8% compounded monthly and the focal date is 45 months from now. FER The size of the second payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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