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Two scheduled debt payments of $702 each are due four months and eight months from now respectively. If interest at 6% is allowed, what single

Two scheduled debt payments of $702 each are due four months and eight months from now respectively. If interest at 6% is allowed, what single payment today is required to settle the two scheduled payments?

Select one:

a.$1,242.64

b.$1,363.24

c.$1,455.48

d.$1,578.32

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