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Two debts, the first for $1500 due 30 days ago, the second for $1300 due in 60 days, are to be paid by a single
Two debts, the first for $1500 due 30 days ago, the second for $1300 due in 60 days, are to be paid by a single payment 40 days from today. How much is the single payment if money is worth 7% p.a. and the agreed focal date is 40 days from now? Include a timeline in answer.
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