please answer within the format by providing formula the detailed working Please provide answer in text (Without image) Please provide answer in text (Without image) Please provide answer in text (Without image)     James owes $950 in 4 years and $850 in 9 years. However, James is unable to meet his $950 obligation at the end of 4 years. By mutual agreement with the lender, James is allowed to pay off both obligations at the end of 7 years based on a simple interest rate of 13%. Determine the amount required to settle the debts at the end of 7 years.

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