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A demand loan of $7000.00 is repaid by payments of $3500.00 after two years, $3500.00 after four years, and a final payment after eight years.

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A demand loan of $7000.00 is repaid by payments of $3500.00 after two years, $3500.00 after four years, and a final payment after eight years. Interest is 7% compounded quarterly for the first two years, 8% compounded semi-annually for the next two years, and 8% compounded monthly thereafter. What is the size of the final payment

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