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In return for an investment of $1000 at t=0, an investor receives two payments. One payment of $600 at t = 2.5 years and one
In return for an investment of $1000 at t=0, an investor receives two payments. One payment of $600 at t = 2.5 years and one final payment at t = 5 years. the interest rate is i^(4) = 6% (**Note this is not an exponent. It is nominal interest rate**). What is the final payment?
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