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Two debts, the first of $800 due nine months ago and the second of $1900 borrowed one year ago for a term of four years

Two debts, the first of $800 due nine months ago and the second of $1900 borrowed one year ago for a term of four years at 4.7% compounded annually, are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 3.7% compounded quarterly and the focal date is one year from now.

The size of the replacement payment is $ (what?)

(Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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