Question: What payment 16 months from now would be equivalent in value to a $7,625 payment due 12 onths ago and a $3,650 payment due 10

What payment 16 months from now would be equivalent in value to a $7,625 payment due 12 onths ago and a $3,650 payment due 10 months from now? The value of money is 5.3%, simple interest. Round your final answer only to 2 decimal places.

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