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A repayment schedule has been drafted by an organization in order to manage debts. Payments will be deferred for 3 6 months even though the
A repayment schedule has been drafted by an organization in order to manage debts. Payments will be deferred for months even though the debt continues to accumulate due to compound interest. If they then pay $ at the beginning of every month for years with an interest rate of compounded monthly, what is the size of their original debt?
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