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A loan of 800,000 will be paid by a cash payment of 400,000 now, 120,000 at the end of 4 years, 80,000 at the end

A loan of 800,000 will be paid by a cash payment of 400,000 now, 120,000 at the end of 4 years, 80,000 at the end of 6 years, and the last payment at the end of 7 years. If money is worth 4% compounded annually, what is the value of the last payment?

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