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(1 point) Patrick borrows $16000 on January 7, 2003. On February 14, 2005 he pays 5500 and on February 16, 2006 he pays 5000. The

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(1 point) Patrick borrows $16000 on January 7, 2003. On February 14, 2005 he pays 5500 and on February 16, 2006 he pays 5000. The last payment is to be on February 26, 2007. What is the size of the final payment if interest is at 6% and the focal date is February 26, 2007? (ignore leap years) Answer: $ Preview My Answers Submit Answers

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