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Two debts, the first of $1600 due six months ago and the second of $1500 borrowed two years ago for a term of four years

Two debts, the first of $1600 due six months ago and the second of $1500 borrowed two years ago for a term of four years at 7.4% compounded annually, are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 8.4% compounded quarterly and the focal date is one year from now.

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