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Question 12 of 12 Stephanie had to make payments of $2,100 and $1,350 in 11 months and 14 months, respectively, to a raw material

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Question 12 of 12 Stephanie had to make payments of $2,100 and $1,350 in 11 months and 14 months, respectively, to a raw material supplier. What single payment in 5 months would settle both these payments? Assume an interest rate of 6.70% p.a. and use 5 months as the focal date. Round to the nearest cent

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