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Mario has agreed to purchase his partners share in the business by making payments of $1200 every three months. The agreed transfer value is $17
Mario has agreed to purchase his partners share in the business by making payments of $1200 every three months. The agreed transfer value is $17 850, and interest is 9.5% 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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