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Loan payments of $ 700 due three months ago and of $ 1000 due today are to be paid by a payment of $ 800
Loan payments of $ 700 due three months ago and of $ 1000 due today are to be paid by a payment of $ 800 in two months and a final payment in five months . If 9 % interest is allowed , and the focal date is five months from now , what is the amount of the final payment? The amount of each payment is?
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