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A debt of R10 000, with interest at 5% p.a. compounded quarterly is to be discharged by payments of R500 at the end of each

A debt of R10 000, with interest at 5% p.a. compounded quarterly is to be discharged by payments of R500 at the end of each quarter for 3 years followed by certain equal quarterly payments for the next 4years. Find the outstanding liability at the beginning of the 7th year

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