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Payments of $ 3 , 2 0 0 . 0 0 , due 3 0 days ago, and $ 3 , 4 0 0 .

Payments of $3,200.00, due 30 days ago, and $3,400.00, due in 60 days, are to be replaced by $3,300.00 today and another payment in 20 days. What must the second payment be if the payee is to end up in an equivalent financial position? Money now earns 6.25%. Use 20 days from now as the focal date. For full marks your answer(s) should be rounded to the nearest cent.

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