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A debt of $5000 is to be paid in two payments , $2000 in 3 years from now ans another payment in 5 years from
A debt of $5000 is to be paid in two payments , $2000 in 3 years from now ans another payment in 5 years from now. find the amount of the second payments if the interest is charged at a rate of 8% compounded monthly.
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