What is the size of the final payment, Finance Basics

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What is the size of the final payment

Problem

A demand loan of $3000.00 is repaid by payments of $1000.00 after two years, $1000.00 after four years, and a final payment after eight years. Interest is 6% compounded monthly for the first two years, 7% compounded semi-annually for the next two years, and 7% compounded quarterly thereafter. What is the size of the final payment?

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