Debt payments of $1,150 and $1,750 are due in five months and eight months, respectively....
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Debt payments of $1,150 and $1,750 are due in five months and eight months, respectively. What single payment is required to settle both debts in one month? Assume a simple interest rate of 4.20% p.a. and use one month from now as the focal date. Round to the nearest cent
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