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A loan payment of $1200 was due 50 days ago and another payment of $800...

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Finance

A loan payment of $1200 was due 50 days ago and another payment of $800 is due 60 days from now.

Question:

What single payment 100 days from now will pay off the two loan obligations if interest is to be 7% and the "Focal Date" is 100 days from now. (Draw a time line before doing the question)...Please show your work...

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