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Marc borrowed money from Mary and agreed to pay back $1,700 3 months from now and $1,800 in 6 months. If Marc has a lot
Marc borrowed money from Mary and agreed to pay back $1,700 3 months from now and $1,800 in 6 months. If Marc has a lot of money available at the time of the first payment and wants to pay back the loan completely at that point, how much money would Marc have to pay Mary if money could earn 4.75%? For full marks your answer(s) should be rounded to the nearest cent
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