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A Chinese machinery importing company places an order for $250,000 dollars that will be paid within 26 weeks. Since their sales were surprisingly high, the

A Chinese machinery importing company places an order for $250,000 dollars that will be paid within 26 weeks. Since their sales were surprisingly high, the importer decides to pay half of the order value 12 weeks in advance to save some interest. What amount will you owe at the end of the originally agreed term? The agreed interest rate was 18.8% per year with weekly compounding.

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