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A company took a loan ( $ 3 0 , 0 0 0 ) form a lending institution at 1 1 . 6 6 0

A company took a loan ($30,000) form a lending institution at 11.6601% year compounded
semiannually. They agreed to pay off the loan in 6 end of year annual payments starting at the end
of the first year. After they made the 2nd payment immediately they agreed to pay off the remaining
loan in eight annual payments at 15% per year starting at the end of the third year. Determine the
value of the first two and last eight payments.
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