John is planning on repaying a debt of 25000 with a


Question: John is planning on repaying a debt of $25,000 with a quarterly payment $1,200 for the next 23 quarters and a final payment of "X" dollars at the end of 24-th quarter. If the interest rate is 12% per year, compounded quarterly, what will be John's final payment?

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Microeconomics: John is planning on repaying a debt of 25000 with a
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