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Samantha was supposed to pay Whitney $3,900 6 months ago and $1,940 in 5 months. If she wants to repay this amount with two payments
Samantha was supposed to pay Whitney $3,900 6 months ago and $1,940 in 5 months. If she wants to repay this amount with two payments of $3,700 today and the balance amount in 2 months, calculate the balance amount. Assume interest is 5.50% p.a. and the agreed focal date is 2 months from now. Round to the nearest cent.
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