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Compute the size of the final payment for the following loan. Principal Periodic Payment Payment Interval Payment Made At: Interest Rate Conversion Period $20,000 $1,616
Compute the size of the final payment for the following loan.
Principal | Periodic Payment | Payment Interval | Payment Made At: | Interest Rate | Conversion Period |
$20,000 | $1,616 | 3 months | end | 8% | quarterly |
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