One way to repay a 5000 loan would be to make four annual
One way to repay a $5000 loan would be to make four annual end-of-year payments of $ 1000 each, followed by a final payment at the end of the fifth year. Assuming an interest rate of 8%, how much would this final payment be?
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one way to repay a 5000 loan would be to make four annual end-of-year payments of 1000 each followed by a final
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