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Amazon has decided to start issuing bonds today totaling $16,000,000. They plan to pay these bonds back in three separate payments. Their first payment will
Amazon has decided to start issuing bonds today totaling $16,000,000. They plan to pay these bonds back in three separate payments. Their first payment will be 3 years from now for $5,000,000, their second payment will be 6 years from now for $7,000,000, and their final payment will happen 9 years from now. What will be the amount of this final payment assuming that Amazon must pay 11% interest on their debt? |
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