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A demand loan of $4000.00 is repaid by payments of $1500 after two years, $1500 after four years, and a final payment after 8 years.

A demand loan of $4000.00 is repaid by payments of $1500 after two years, $1500 after four years, and a final payment after 8 years. Interest is 8% compounded monthly for the first two years, 9% compounded annually for the next two years, and 9% compounded semi-annually thereafter. What is the size of the final payment?

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