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Q 3 ) A payment of $ 2 , 6 5 0 is due in 2 years and $ 3 , 9 0 0 is

Q3) A payment of $2,650 is due in 2 years and $3,900 is due in 4 years. These two original payments are to be rescheduled with a payment of $1,850 in 1 year and the balance in 3 years. Calculate the payment required in 3 years for the rescheduled option.
Assume that money earns 4.75% compounded monthly.
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