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John has agreed to purchase his partner's share in real estate by making payments of $5,000.00 every three months. The agreed transfer value is $40,000.00
John has agreed to purchase his partner's share in real estate by making payments of $5,000.00 every three months. The agreed transfer value is $40,000.00 and interest is 10% compounded annually. If the first payment is due at the date of the agreement, what is the size of the final payment?
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