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It was agreed to pay for a purchased machine for $15,500, in five equal annual payments, beginning one .year after the date of purchase If
It was agreed to pay for a purchased machine for $15,500, in five equal annual payments, beginning one .year after the date of purchase If after the second payment, the terms of the agreement are changed to allow the balance due to be paid off in a single payment the next year, then What is the final single payment? The interest rate is 4% per year $10625.99 AO $10825.99 BO $10725.99.CO $10525.99 DO
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