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A debt of $7734.34 is repaid by payments of $1352.47 in 5 months, $944.45 in 15 months, and final payment in 23 months. If interest
A debt of $7734.34 is repaid by payments of $1352.47 in 5 months, $944.45 in 15 months, and final payment in 23 months. If interest was 7% compounded quarterly, what was the amount of the final payment?
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Advanced Financial Accounting
Authors: Richard E. Baker, Valdean C. Lembke, Thomas E. King
5th Edition
0072444126, 978-0072444124
