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(1 point) (Exercise 3.24) A loan of $1600 is to be repaid by annual payments of $190 to commence at the end of the 5
(1 point) (Exercise 3.24) A loan of $1600 is to be repaid by annual payments of $190 to commence at the end of the 5 th year and to continue thereafter for as long as necessary. Find the time and amount of the final payment, if the final payment is to be larger than the regular payments. Assume i=4.5%. Last payment at time Last payment =$
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