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Compute the size of the final payment for the following loan. Principal-8900$ Periodic Payment-520$ Payment Period-3 months Payment Made at: beginning Interest Rate-6% Compounding Period-quarterly
Compute the size of the final payment for the following loan.
Principal-8900$
Periodic Payment-520$
Payment Period-3 months
Payment Made at: beginning
Interest Rate-6%
Compounding Period-quarterly
The size of the final payment is ______$
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
