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MANUAL COMPUTATION WITH EXPLANATION. Noreen Leung has agreed to purchase her partner's share in the business by making payments of $1,100 every three months. The
MANUAL COMPUTATION WITH EXPLANATION.
Noreen Leung has agreed to purchase her partner's share in the business by making payments of $1,100 every three months. The agreed transfer value is $16,500 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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