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Payment of $ 8 8 2 due 1 months ago and $ 4 9 8 due today are to be repaid by a payment of

Payment of $

882

due

1

months ago and $

498

due today are to be repaid by a payment of $

400

one month from today and the balance in

11

months from now. If money is worth

4 %

compounded monthly, and the agreed focal date is

11

months from today. What is the size of the final payment?

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