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Mary is planning to repay a debt of 50,000 with a quarterly payment S2,400 quarters and a final payment of X dollars at the end
Mary is planning to repay a debt of 50,000 with a quarterly payment S2,400 quarters and a final payment of "X" dollars at the end of 24-th quarter. If the interest rate is 12% per year, compounded quarterly, how much will be Mary's final payment? 5. for the next 23 Answer: $21,426 Recommendation: Your approach should include the use of the equal payment series formula
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