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Sarah was supposed to pay Jasmine $ 4 , 7 0 0 , 6 months ago, and $ 1 , 5 8 0 , 5
Sarah was supposed to pay Jasmine $ months ago, and $ months from now. If she wants to reschedule these payments with two payments, one payment of $ today and the balance months from now, calculate the balance amount. Assume that the simple interest charged is pa and the agreed focal date is months from now.
Round to the nearest cent
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