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A debt of $6000 due five years from now and $6000 due ten years from now is to be repaid by a payment of $2400
A debt of $6000 due five years from now and $6000 due ten years from now is to be repaid by a payment of $2400 in two years, a payment of $4800 in four years, and a final payment at the end of six years. If the interest rate is 2.5% compounded annually, how much is the final payment? The final payment should be $ (Do not round until the final answer. Then round to the nearest cent as needed.)
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