Question: 2. Bailey has a textbook loan that was supposed to be paid in two payments of $1200 due 64 days ago and $1080 due
2. Bailey has a textbook loan that was supposed to be paid in two payments of $1200 due 64 days ago and $1080 due in 22 days from now. What single payment would Bailey need to make 90 days from now to pay off the debts, if interest is to be 13.21% and the agreed upon focal date is 90 days from now?
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