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Lloyd Christmas signed a promissory note to purchase a limousine for $8000 due in 18 months at 8% compounded quarterly. With some extra income found

Lloyd Christmas signed a promissory note to purchase a limousine for $8000 due in 18 months at 8% compounded quarterly. With some extra income found in a briefcase Lloyd made a payment of $5000 after one year. What is the value of $8000 on due date

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