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A company borrowed $ 1 8 0 , 0 0 0 at an interest rate of 5 % to be repaid over a period of
A company borrowed $ at an interest rate of to be repaid over a period of years. The loan will be
repaid in installments according to the cash flow diagram shown below which also reflects the cash inflow of
$ What is the size of the last payment required to pay off the loan?
The the size of the last payment required to pay off the loan is $Round to the nearest dollar.
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