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Homework: Assignment 2 Save Score: 0 of 5 pts 5.2.17 9 of 44 (8 complete) HW Score: 26%, 26 of 100 pts Question Help
Homework: Assignment 2 Save Score: 0 of 5 pts 5.2.17 9 of 44 (8 complete) HW Score: 26%, 26 of 100 pts Question Help A debt of $5500 due four years from now and $5500 due nine years from now is to be repaid by a payment of $2000 in one year, a payment of $4000 in three years, and a final payment at the end of five years. If the interest rate is 2.1% compounded annually, how much is the final payment? The final payment should be (Do not round until the final answer. Then round to the nearest cent as needed.)
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