Determine the size of the replacement payment

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Two? debts, the first of ?$1300 due nine months ago and the second of ?$2000 borrowed two year ago for a term of five years at 3.8?% compounded annually?, are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 4.4?% compounded quarterly and the focal date is one year from now.

Reference no: EM132999234

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