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A company buys a machine for $ 1 7 , 0 0 0 , which it agrees to pay in 6 equal annual payments, beginning
A company buys a machine for $ which it agrees to pay in equal annual payments, beginning one year after the date of purchase, at an annual interest rate of Immediately after the second payment the terms of the agreement are changed to allow the balance due to be paid off in a single payment the next year. What is the final single payment?
I know that the answer is $ please show your work, thank you
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