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Brooke had to make a payment of $2,200 in 11 months and $2,150 in 16...

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Finance

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Brooke had to make a payment of $2,200 in 11 months and $2,150 in 16 months, to a raw material supplier. What single payment in 5 months would settle both these payments? Assume a simple interest rate of 3.50% p.a. and use 5 months from now as the focal date. $0.00 Round to the nearest cent

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