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A loan of 1 , 0 0 0 is to be repaid by annual payments of 1 0 0 to commence at the end of

A loan of 1,000 is to be repaid by annual payments of 100 to commence at the end of the fifth year and to continue thereafter for as long as necessary. The effective rate of discount is 5%. Find the amount of the final payment if it is to be larger than the regular payments. Correct answer is $124.72!!
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