Lindsey was supposed to pay Andrew $4,600, 6 months ago, and $940, 5 months from...
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Lindsey was supposed to pay Andrew $4,600, 6 months ago, and $940, 5 months from now. If she wants to reschedule these payments with two payments, one payment of $3,100 today and the balance 3 months from now, calculate the balance amount. Assume that the simple interest charged is 4.25% p.a, and the agreed focal date is 3 months from now. Round to the nearest cent
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