Question: You owe $ 1 , 9 8 4 . 2 5 in 7 months and $ 8 3 7 . 7 5 in 1 1

You owe $1,984.25 in 7 months and $837.75 in 11 months. You and your
creditor agree that you can settle both debts NOW with an 8.55% Simple
Interest Rate and a Focal Point set to NOW.
What is the Cash Settlement Amount?
Use Dollar Sign, Use Comma as Separator, Round to the nearest Penny
You owe $1,984.25 in 7 months and $837.75 in 11 months.

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