To pay off a loan, John needs to make a payment of $1,960 in 8...
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To pay off a loan, John needs to make a payment of $1,960 in 8 months from now and another payment of $1,745 in 22 months from now. Instead, John wants to pay off the loan in 24 months from now. Assume the simple interest rate is 9.0% per year. What is the total amount to pay off in 24 months from now? Round the final answer to 2 decimals
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