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Question content area top Part 1 You have a loan outstanding. It requires making seven annual payments $3,000 of each at the end of the

Question content area top Part 1 You have a loan outstanding. It requires making seven annual payments $3,000 of each at the end of the next seven years. Your bank has offered to allow you to skip making the next seven payments in lieu of making one large payment at the end of the loan's term in years. If the interest rate on the loan is 6%, what final payment will the bank require you to make so that it is indifferent to the two forms of payment?

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