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Question: phil owes 750 in 7 months with simple interest at...

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Phil owes $750 in 7 months with simple interest at 9% and $825 due in 13 months with simple interest at 10.5%. He has the option to repay the debt in one single payment in 8 months with simple interest at 5.25%. What is the value of the single payment if the focal date is on the day of this single payment?

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