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Melanie had to make a payment of $1,050 in 12 months and $2,400 in 14 months, to a raw material supplier. What single payment in
Melanie had to make a payment of $1,050 in 12 months and $2,400 in 14 months, to a raw material supplier. What single payment in 4 months would settle both these payments? Assume a simple interest rate of 6.50% p.a. and use 4 months from now as the focal date. Round to the nearest cent FA
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