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A demand loan of $5000.00 is repaid by payments of $2500.00 after two years, $2500.00 after four years, and a final payment after eight years.

A demand loan of $5000.00 is repaid by payments of $2500.00 after two years, $2500.00 after four years, and a final payment after eight years. Interest is 6% compounded semi-annually for the first two years, 7% compounded annually for the next two years, and 7% compounded monthly thereafter. What is the size of the final payment?

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