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Question 9 (1 point) Frank had originally promised to pay Jane $1,2503 months ago, $1,050 today and $1,2009 months from now. Frank missed his first
Question 9 (1 point) Frank had originally promised to pay Jane $1,2503 months ago, $1,050 today and $1,2009 months from now. Frank missed his first payment and both parties have agreed to a new deal. Frank will now make two equal payments - one today and the remainder in 3 months. Calculate each payment using an interest rate of 7.30% compounded monthly. Round your answer to 2 decimals. Your
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