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A corporation may undertake a $ 1 0 million, 1 5 years bon issue. The firm is obliged to make $ 5 0 0 0

A corporation may undertake a $10million, 15 years bon issue. The firm is obliged to make $500000 sinking-fund payments in the 5th trough 14th years . What would be the final balloon payment in the 15th year?

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