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A borrower toket out a loan of 5,000 at an annual effective interest rate of 2% Starting at the end of the third year, the

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A borrower toket out a loan of 5,000 at an annual effective interest rate of 2% Starting at the end of the third year, the loan is repaid by annual payments, each of which equals so except for a fhor balloon payment that is less than 1.000 Calculate the final balloon payment 704 719 884 903 967

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