Astudent borrowed 5000 which she will repay in 30 equal


A student borrowed $5,000 which she will repay in 30 equal monthlyinstallments. After her 25th payment she desires to pay theremainder of the long in a single payment. At 15% interestcompounded monthly, what is the amount of the payment.

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Econometrics: Astudent borrowed 5000 which she will repay in 30 equal
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