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To encourage early membership sales, Rolling Hills Golf Course will offer a special price for golfers paying in advance for next years membership. If next

To encourage early membership sales, Rolling Hills Golf Course will offer a special price for golfers paying in advance for next years membership. If next years membership will be priced at $1,575, how much should a member paying 5 months in advance be charged for a membership if money is worth 6.25%? (Round your answer to 2 decimal places.)

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