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Payments of $1750 and $1600 are due four months from now and nine months from now respectively. What single payment is required to pay off
Payments of $1750 and $1600 are due four months from now and nine months from now respectively. What single payment is required to pay off the two scheduled payments today if interest is 9% and the focal date is today? The amount of the payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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