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Payments of $300 due 3 months ago and $950 due 7 months from now are to be replaced by one equivalent payment four months from

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Payments of $300 due 3 months ago and $950 due 7 months from now are to be replaced by one equivalent payment four months from now. What is the size of this payment if money can earn 6% simple interest. Round your answer to two decimals. Do not round intermediate steps. Do not include the dollar sign ($) in your answer. For example, $25.63 input as 25.63. Your

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