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Two scheduled debt payments of $493 each are due four months and ten months from now respectively. If interest at 8% is allowed, what single

Two scheduled debt payments of $493 each are due four months and ten months from now respectively. If interest at 8% is allowed, what single payment today is required to settle the two scheduled payments? The single payment required to settle the two scheduled payments is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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