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A loan of $5000 is to be paid off over a 3-year period with a payment of $2000 made at the end of the first

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A loan of $5000 is to be paid off over a 3-year period with a payment of $2000 made at the end of the first year and the remaining balance paid off at the end of the third year. If the interest rate is 6% compounded quarterly, what is the value of the final payment? ( 4 marks)

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