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Scheduled loan payments of $1007 due in 9 months and $799 due in 15 months are rescheduled as a payment of $1057 due in 33

Scheduled loan payments of

$1007

due in

9

months and

$799

due in

15

months are rescheduled as a payment of

$1057

due in

33

months and a second payment due in

42

months. Determine the size of the second payment if interest is

3.4%

compounded

quarterly

and the focal date is

42

months from now.

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