Gage is suppose to receive a payment of $490.00 today from Mark. One month from today, Gage should receive a $575.00 payment from Sarza. With Mark not in a position to pay today and Sarza having difficulty coming up with the payment one month from today, they both negotiated with Mark and they will both make their payments 5 months from today. If Gage can get interest rate of 2.90%, what is the total payment that Gage will receive 5 months from today?

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