Question: What payment 4 months from now would be equivalent in value to a $3,100 payment due in 12 months and $3,850 payment due 23 months

What payment 4 months from now would be equivalent in value to a $3,100 payment due in 12 months and $3,850 payment due 23 months from now? The value of money is 2.8%, simple interest. Round your final answer only to 2 decimal places.

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