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A man borrows R4 000 and agrees to repay it, with interest at 4% compounded quarterly, in quarterly installments of R300 each as long as
A man borrows R4 000 and agrees to repay it, with interest at 4% compounded quarterly, in quarterly installments of R300 each as long as necessary. If the first installment is due 3 months after borrowing the money. Find the final payment if it is made 3 months after the last full payment
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