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Lionel was supposed to pay Sophie $5,200 6 months ago and $780 in 5 months. If he wants to repay this amount with two equivalent

Lionel was supposed to pay Sophie $5,200 6 months ago and $780 in 5 months. If he wants to repay this amount with two equivalent payments of $2,600 today and the balance amount in 2 months, calculate the balance amount. Assume interest is 5.60% p.a. and the agreed focal date is 2 months from now.

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