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3. A company borrowed $180,000 at an interest rate of 9% compounded annually over six years. The loan will be repaid in installments at the

image text in transcribed 3. A company borrowed $180,000 at an interest rate of 9% compounded annually over six years. The loan will be repaid in installments at the end of each year according to the shown cash flow diagram. What will be the size of the last payment (X) that will pay off the loan? 3. A company borrowed $180,000 at an interest rate of 9% compounded annually over six years. The loan will be repaid in installments at the end of each year according to the shown cash flow diagram. What will be the size of the last payment (X) that will pay off the loan

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