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A person borrows $4000 at (4) = 6%. He promises to pay $1000 at the end of one year, $2000 at the end of
A person borrows $4000 at (4) = 6%. He promises to pay $1000 at the end of one year, $2000 at the end of 2 years, and the balance at the end of 3 years. What will the final payment be?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
