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3. You have located your next motorcycle that is listed for $17,000. Your payment plan is six equal end-of-the-year payments at 5% annual interest rate.

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3. You have located your next motorcycle that is listed for $17,000. Your payment plan is six equal end-of-the-year payments at 5% annual interest rate. However, after your first two payments you come to decide to pay off the remaining of your debt in one single payment. How much is the amount that you'd have to pay to settle your debt at once. (16 points)

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