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A loan of 1 0 0 0 0 0 at 5 % annual effective is repaid with annual payments. The first payment is 4 0

A loan of 100000 at 5% annual effective is repaid with annual payments. The first payment is 4000 an deach subsequent payment is 5% more than its preceding payment. There is a smaller final payment, due one year after the last payment in this pattern, that pays the remaining balance of the loan. Determine the amount of the smaller final payment.

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