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A loan payment of ?$1200

Finance

A loan payment of ?$1200.00 was due 40 days ago and another payment of ?$800.00 is due 60 days from now. What single payment 110 days from now will pay off the two obligations if interest is to be 6?% and the agreed focal date is 110 days from? now?

The value of the payment 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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