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Parmeet missed two payments of $ 1 0 0 0 each, one being 2 0 months overdue and the other 1 3 months overdue. After

Parmeet missed two payments of $

1000

each, one being

20

months overdue and the other

13

months overdue. After a reminder SMS from Kash, Parmeet apologized and pledged to promptly complete the e

-

transfer. If Kash applies a monthly compounding interest rate of

7 %,

what is the correct immediate payment amount that Parmeet should make?

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