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A loan with payments of $900 due at the end of each month (except for a smaller final payment) was registered with a starting balance
A loan with payments of $900 due at the end of each month (except for a smaller final payment) was registered with a starting balance of $25,000. The loan has a semiannually compounded rate of return of 3.2%. What will be the final payment?
I have here choices to compare. So please do it correctly. Thanks
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