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Twodebts, the first of $1300 due nine months ago and the second of $2000 borrowed twoyear ago for a term of five years at 3.8%

Twodebts, the first of $1300 due nine months ago and the second of $2000 borrowed twoyear ago for a term of five years at 3.8% compounded annually, are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 4.4% compounded quarterly and the focal date is one year from now.

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